Accountant who stole 5.5 million sentenced to 10 years in prison

Sat, 12 Dec 2015

A thieving accountant who stole over £5.5 million has been sentenced to 10 years in prison.

64-year-old Port Erin man Richard Costain appeared before the Court of General Gaol at Douglas Courthouse yesterday.

He'd previously admitted 13 counts of theft and one of obtaining a money transfer by deception.

Between 2004 and 2014, Costain stole client funds at his workplace - proceeding to launder it through hundreds of separate payments.

In August last year, he fled the Island within hours of colleagues challenging discrepancies - police found and arrested him in January of this year.

Sentencing him Deemster Montgomerie said he had committed "grave breaches of trust" and described the thefts as "staggering".