Today James Cox has been sentenced to 6 years following a guilty plea to two counts of fraud by false representation, and four counts of transfer of criminal property, all related to his time at Britain’s Energy Coast (BEC).
During his time at BEC, Cox was employed as Finance Director for 5 months and stole £40,000.
The fraudulent activity was discovered following an internal audit at the request of Michael Pemberton following his appointment to the position of CEO, and a file was turned over to the police in March 2016.
Britain’s Energy Coast is pleased to see Cox sentenced concurrently for obtaining employment by false reference, and for theft by fraud.
Cox’s arrest and subsequent sentencing follows a significant operation carried out by Cumbria Police to locate him, and bring him back to Cumbria to stand trial at Carlisle Crown Court. BEC are exceptionally grateful for the diligence of Cumbria’s police force in ensuring he could be brought to justice.
BEC Chairman Nigel Catterson commented: “On behalf of the BEC Board and myself, I would like to take this opportunity to congratulate the Cumbria Constabulary and CEO of BEC, Michael Pemberton and those who assisted in bringing James Cox to justice. Cumbria Constabulary have managed to bring to justice a person who has evaded a number of other Constabularies throughout the country. They should be justifiably proud of their achievement.”
Britain’s Energy Coast are urging other companies who find themselves victims of financial crime to deal with the matter swiftly. Nigel added: “Unfortunately this type of crime all too often never comes to public attention due to shame and fear of damage to reputation. The perpetrators of this sort of crime count on this and that is why they all too often get away with their illegal activities. BEC has always believed in being open and upfront and we will always continue to be so.”
Michael Pemberton concluded: “As a company we have had to deal with the fall out of this fraudulent activity in parallel with major changes in our operational activities. We are grateful that a swift resolution has been brought and we look forward to getting back to the task in hand – making BEC a sustainable and commercially robust company that brings benefit to the communities it serves