Fraud trial continues for Princess Yachts manager - Trade Only Today

Fraud trial continues for Princess Yachts manager

Glyn Thompson, 57, allegedly channeled tens of thousands of pounds through a firm he controlled into his bank account.
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A senior boss at Princess Yachts was building a kit car with some of the money he was fraudulently taking from the company, according to testimony given in a U.K. court.

Glyn Thompson, 57, allegedly channeled tens of thousands of pounds through a firm he controlled into his bank account.

Thompson, while working as facilities manager, is accused of running a series of complex scams that prosecutors say cost Princess Yachts more than 1 million pounds, or about $1.5 million, according to the Plymouth Herald.

A jury at Plymouth Crown Court has spent hours poring over company and personal bank accounts.

Thompson is accused of using a company called Mulberry Developments to invoice Princess Yachts contractor Elite Facilities Solutions for work it did not carry out.

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