STEAL £1.3 MILLION – PAY BACK £51,745

A trusted boss of Welsh homeless charity who stole £1.3 million to fund a lavish lifestyle has been jailed for five years and ordered to pay back just £51,745.

Robert Davis, 50, admitted fraud by abuse of position while working as the £45,000 a year head of finance at the Cyrenians Cymru in Swansea. Over a 6 year and 5 month period from June 2008 to November 2014 Davies paid 271 cheques intended for the charity into his personal bank account, forcing his employer, which had started helping the homeless in 1973, into administration.

From his fraud Davies spent £100,000+ on boats, £250,000 on mooring costs, £80,000 on 15 stays at the Savoy Hotel, London, £20,000 on private flights and expensive holidays for himself and his family in America, Africa and Japan.

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