Robert Andre Jones and Amanda Louise Jones, aged 53 and 40 respectively, a husband and wife from Mansfield were sentenced to two and a half years in custody and 18 months suspended for 2 years respectively at Nottingham Crown Court for fraudulently removing £129,875.71 from the company’s bank account.
Robert Jones was also convicted and sentenced for removing an additional £10,000 in funds from the company’s bank account and £366,666.08 in stock and perjury. The offences occurred between July and November 2010. They were both disqualified from being directors for 7 years.
Robert Jones had acted as a shadow director of Armston Developments Ltd trading as a garage and car sales business known as Spectrum Motor Company in Mansfield and Amanda Jones as a director of the same business.
The fraudulent removal of funds and stock was made following a transfer by internet banking made by another director from the company account to other company accounts in overdraft. The defendants objected to this, instructed the bank to reverse payment and removed the funds.
When interviewed by the Official Receiver Robert Jones lied that he did not know to whom the company’s stock had been sold following liquidation when in fact he had taken it.
DCIO Glenn Wicks from the Department for Business Innovation and Skills said:
After they had gained control of a motor trade company, this couple fraudulently removed property from the company of by taking cash and the entire stock of vehicles, which was detrimental to their creditors.
Robert Jones told lies about it to the Official Receiver by saying he did not know who the vehicle stock had been sold to, when in fact he himself had received the stock at no cost to himself. These are very serious crimes that are not victimless and the courts will always consider prison sentences when they are dealing with them.
Notes to editors
Robert Jones’ date of birth is 11 December 1961. Amanda Louise Jones’ date of birth is 2 July 1974.
Armston Developments Ltd (CRO No. 04146930) was incorporated on 24 January 2001 and was ordered into compulsory liquidation on 18 October 2010.
The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency authorises and regulates the insolvency profession, deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.
Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.
BIS’ mission is to build a dynamic and competitive UK economy, in particular by creating the conditions for business success and promoting an open global economy. The Criminal Investigations and Prosecutions team contributes to this aim by taking action to deter fraud and to regulate the market. They investigate and prosecute a range of offences, primarily relating to personal or company insolvencies. Further information about the work of the Criminal Investigations and Prosecutions team is available.
Published: 26 March 2015
From: The Insolvency Service