Two women are facing a total of over five years in prison, after stealing £316,740 from their employer in Wokingham.
Joy Liddiard, 81, of River Court in Charvil, Twyford worked for Simpsons Springs and Pressings Ltd for eight years and Beverly Taylor, 51, of Lucas Place in Bracknell worked for the company for five years.
They were both employed to run the accounts and payroll office for the engineering company.
The fraudulent activity spanned over an eight-year period and saw Liddiard buy two new cars, whilst Taylor had her wages doubled each month.
Liddiard pleaded guilty at a hearing in April 2019 to one count of conspiracy to commit fraud by abuse of position and was sentenced to two years and eight months' imprisonment.
Taylor was found guilty of the same count and also one by majority verdict at a week-long trial that finished on 17 January 2020.
She was sentenced to two years, three months' imprisonment.
The pair were sentenced yesterday (17/02/20) at Reading Crown Court.
Senior investigating officer Detective Chief Inspector Mike Bettington of Bracknell and Wokingham CID, said:
“This local engineering firm put its faith and trust in these two people to run their accounts and payroll.
“Their actions to defraud the company was a massive breach of this trust and was done in order to fund their extravagant lifestyles.
“This included expensive holidays, the purchase of new cars and a residence in a luxury riverside apartment.
“Liddiard and Taylor amassed a huge loss to the company which has had a devastating impact to the local business.
“This was a challenging investigation due to the length of time it took looking into the hundreds of transactions which we needed to research and investigate thoroughly.
“We are very pleased to have achieved this conviction and will continue to pursue people who commit fraud, regardless of their age of position in society.”