INSURANCE giants AXA were the victim of a huge fraud scam totalling more than £35,000, Ipswich Crown Court heard today.Ex-employee, Niall Hayden, pleaded guilty today to six charges of false accounting between February 2001 and 13 May 2000.
INSURANCE giants AXA were the victim of a huge fraud scam totalling more than £35,000, Ipswich Crown Court heard today.
Ex-employee, Niall Hayden, pleaded guilty today to six charges of false accounting between February 2001 and 13 May 2000.
By the end of the scam the total had escalated to as much as £36,785.
Hayden, of Broadmere Road, Ipswich, spoke only to confirm his name and admit his guilt.
Hayden, who is jointly charged with another man sighed as he waited for the charges to be read out and remained with his head bowed throughout the short hearing.
The 24-year-old falsified AXA insurance computer records to steal funds on a number of occasions.
On each occasion the money he said was going into a client's account was actually going into his own pocket.
The amounts over the months ranged from just over £500 to nearly £2,000 in August last year.
Hayden was released on unconditional bail and will be sentenced on March 31.
Judge Gareth Hawesworth warned Hayden that despite being on unconditional bail he was not ruling out a custodial sentence for such serious fraud,
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