A 33 year old Manager of a Boylesports retail shop in Ireland has been convicted of stealing from the betting firm over a period of two years, resulting in thousands of Euros being lifted from the store.
Ronan Cowley was given a 5 year suspended prison term by Cork Judge Seán Ó Donnabháinm after it was revealed that the defendant stole €590,810 from his employer. The funds were mostly gambled on internet betting site Paddy Power over a 22 month period.
Paddy Power was tipped off to the deposits and ceased Crowley's ability to fund his account, but Boylesports was never made aware of the sketchy account transactions. That failure to notify Boylesports is getting Paddy Power in some hot water, as Detective Padraig Harrington said that the crimes could have been stopped sooner.
“They [Paddy Power] failed to notify Boylesports. They knew he was a manager at Boylesports," Harrington claimed.
Judge Ó Donnabháin said that he was surprised that a betting firm could not notice the missing funds for such a long time.
“This is a truly extraordinary case," the Judge said. "In excess of half a million Euro was stolen from Boylesports over almost two years, a significant breach of trust. It beggars belief that a company like Boylesports are so disorganized in their set-up they did not know this was going on for almost two years - a man entrusted to make lodgments was not making the lodgments. One would expect this would be picked up overnight or within a week in a properly-run business."
Ó Donnabháin also chided Paddy Power, saying: “Paddy Power knew or suspected there was something wrong, had the accused as a monitored customer and seemed to be slow in either reporting it or detecting it. Again that is quite extraordinary.”