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Admin assistant sentenced for defrauding TAG Yachts in St Francis


An administrative assistant for a St Francis Bay yacht builder and a Jeffrey’s Bay clothing company has been sentenced to nine- year’s imprisonment for fraud.

Jeffrey’s Bay resident Bridgette Wait was sentenced to nine years imprisonment in the PE Commercial Crimes court on Tuesday after pleading guilty in February this year to 223 counts of fraud.  

She was sentenced to nine years imprisonment for defrauding TAG Yachts of St Francis Bay out of close on R3 million between August of 2014 and August of 2017.

According to the charge sheet, Wait substituted the banking details of TAG SA’s creditors and suppliers with her own banking details, resulting in large amounts of money being paid into her bank account.

TAG SA was placed under business rescue on the 23rd of August 2017.

She was also sentenced to three-years imprisonment for defrauding Bull Clothing in Jeffrey’s Bay of R294 000 in May of 2018 while working as a personal assistant to the director of the company.

As she did while working at the yacht company, Wait substituted three of the suppliers of the company’s bank accounts with her own bank accounts, into which she deposited Bull Clothing’s money.

The two sentences will run concurrently, meaning that Wait will serve an effective nine- years in jail.

 

 

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