SKM Recycling Financial Officer Sentenced for Swindling

Delwyn Burgess, a financial officer for Australia-based SKM Recycling, has been sentenced to six months in prison for siphoning off $168,000 from the company into personal accounts.

In addition to her prison sentence, Burgess has been ordered to do 300 hours worth of community work and will have to go through a community corrections order that will last two years, according to CryptoNewsZ. The report also notes that Burgess had made as many as 98 payments to her personal account but recorded them as payments that had been made to a total of 25 employees at the company.

In July, SKM announced it was in financial crisis and stopped accepting recycled materials from 30 area councils.

CryptoNewsZ has more information:

In a new development that will come as a shock for Australian businesses, an employee of SKM Recycling has been jailed for having swindled $168,000 from the company. The employee in question, Delwyn Burgess siphoned off company money and then transferred it to personal accounts. She was employed as a financial officer at the company and has now been sentenced to a 6 months jail term by the authorities. The Melbourne Country Court also stated that Burgess will have to do 300 hours’ worth of community work and will have to go through a community corrections order that will last for two years.

Read the full article here.