David Lister, Scotland Correspondent
Win VIP tickets
A company executive who embezzled £1 million from his employer to fund a champagne lifestyle of designer clothes, limousines and expensive holidays has been jailed for five years.
Brian Stevenson, 47, lived the life of a lottery winner, spending £15,000 on lingerie, £40,000 taking his family on holiday to California and £15,000 on a day out at a football match.
Over four years he used his employer’s credit card to stay at some of the world’s finest hotels and shopped in boutiques in Beverly Hills and London.
He bought a £1,400 chandelier for his daughter’s bedroom and sent her to school every day in a chauffeur-driven limousine. On one occasion he flew his friends by helicopter from a hotel in the Scottish borders to Edinburgh.
Passing sentence at the High Court in Edinburgh yesterday, Judge Lord Hodge said that Stevenson was guilty of “a long course of dishonesty and deception” against a family who had befriended and trusted him.
Stevenson, who earned £47,000 a year in his job, pleaded guilty last month to embezzling £1 million from James Duncan, his employer, between January 2001 and December 2004. He had access to Mr Duncan’s business and personal finances in his role as director of administration at the Glasgow-based DCS Group.
He was found out only after Mr Duncan tried to use his company credit card to settle a restaurant bill in the summer of 2004 and found that the card was refused.
Stevenson, a rotund, diminutive man, whose wife, Anne, has claimed that she had no idea that their extravagant lifestyle was funded by stolen money, has been pilloried by the Scottish press. The day after pleading guilty, the Daily Record mocked him with the headline: “He’s small, he’s round, he nicked a million pound”.
The court heard that Stevenson, of Partick, Glasgow, was taken on by DCS, a family-run waste management company, as a favour to his father, who was an old customer. He became a close friend of Mr Duncan, impressing him with his apparent diligence. However, Vinit Khurana, for the prosecution, said that this appeared to count for nothing. He told the court: “Stevenson lavished designer goods, clothing and jewellery on himself and his family.”
The court was told that Stevenson’s motivation remained a mystery, although it emerged yesterday that he was given a six-year jail sentence in 1985 for defrauding life assurance clients of £200,000.
Mr Duncan, 58, has spoken of his “sorrow” over the deception. “I wanted to help this man and I gave him my trust, but he betrayed it,” he said.
Win a luxury weekend to Newcastle and its neighbour Gateshead, find out more here
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
Discover the power of collective thinking. Submit a solution and be in with a chance to win a Media Hub Home Entertainment System
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Make the most of the summer and enter our fabulous photographic competition, you could win a £5000 holiday
Corsica is an island of beauty and contrast, an ideal holiday destination
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
The clever way to lease a new car is with Car leasing made simple™
2009
per month on 36-month
Personal Contract Hire (PCH)
2008
42850
Car Insurance
£23,093 - £56,211
The Office for National Statistics
Newport, South Wales
£60,000
The Environment Agency
Bristol
Up to £90K
Boots
Midlands
OTE £85k
Credit Protection Association
Nationwide Opportunities
Completely London
Luxury Condo's in Manhattan with NYC views
The best new homes in Wimbledon?
Nationwide
Fabulous Cruise And Cruise & Stay Offers Including Virgin Atlantic Flights Prices Start From Only £699pp!
Last Minute Cruise And Cruise & Stay Offers. Med From £499pp, Caribbean From £699pp!
5 star quality at a 3 star price.
8 fabulous Canadian cities ...you won’t find cheaper
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Property Finder | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.