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Bates no 038

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The Old Bailey heard Beaver's cocaine habit spiralled out of control following the death
of his young son in 2015.

Between returning to work in early 20¼ and his dismissal for gross misconduct in
February 2018, Beaver made a total of 91 payments to himself totalling more than
£345,000.

After he was sacked for a separate misconduct allegation, he managed to make three
further payments to himself, bringing the fraud to a total of £390,478.21.

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Secmity staff at AIG became concerned when Beaver tried to enter the Fenchurch Street
offices on Sunday April 8 2018 under the name of a colleague, before persuading staff at
the company's Croydon premises to allow him to use their computers.

The resulting investigation revealed the extent of his fraud - with many payments made

using a colleague's login details - leading to Beaver's arrest on February 20 of this year.

Beaver, of Buckhurst Hill, Redbridge, later pleaded guilty to a charge of fraud by abuse
of position, fraud by false representation and acquiring use of criminal property at City of
London Magistrates Court.

At his sentencing hearing on Monday, prosecutor William Saunders said: "[The
defendant] had been signed off work in January 2015 and returned to work in February
2016, and during that period of time his young son passed away.

"He had become a very heavy user of cocaine to the tune of about £500-a-day - he had
got into debt though his cocaine use, debt to dealers."

Jon Swain, for Beaver, told the court that the death of his son and his resulting cocaine
abuse had led to the break-up of his marriage, although he and his ex-wife had gone on to

have another child before separating.

He said Beaver was now working in sales and living with his parents following the sale
of his family home, and that he was still working to raise money for research into
neuroblastoma - the rare cancer that claimed the life of his son.

Jailing Beaver for two years, Judge Richard Foster said: "Your life fell apart - you had the
tragedy of your son having a rare form of cancer and having to suffer the bereavement
when he died.

Bates Number000527
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