Company cash helped 'Parasite' businessman pay for lifestyle

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Michael Black has been jailed for more than 10 years after admitting stealing £1.2m.

A man from Somerset passed himself off as the "Lord Mayor of the town" while he syphoned off cash from the firm where he worked, a colleague said.

On more than 400 occasions, Black transferred money from their accounts to his, disguising the transfers so they did not appear to go directly to him.Black's colleagues at Bathroom Villages uncovered his fraud while he was on a two-week holiday. Two and a half years ago they managed to buy it back but their shops in Plymouth and Cheltenham were forced to close.

"The items and things were for the house he was building. Tennis court things, luxury cars, it was all about greed essentially."Analysis of his work email account uncovered photographs Black had sent to himself of parties and personalised cakes all bought with the company's money.

 

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company cash=money.where there is money there is often corruption like here

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