From the $2.935 million, only an amount of $536,374 was recovered through the sale of his purchases, Ms Aylward said.
“It seems he has low self-esteem and the need to purchase friends was behind the spending,” she said links of london charms.
“He really spent the proceeds as if it were Monopoly money.”
Defence lawyer Tim Ryan told the court his client was an intelligent young man who had identified a loophole with the hope of being promoted links of london on sale.
He said Denford made the initial transactions with the intention of showing his manager that the loophole existed, but then succumbed to the temptation of wanting to impress his “much older” wife – who had now left him discount links of london.
Mr Ryan told the court that when caught out, Denford had immediately accepted full responsibility for the fraud and had saved authorities a lot of money in helping recover some of the money spent.
However, Judge Kerry O’Brien noted BOQ was still $2.8 million out of pocket after additional costs spent on storage, legal fees and internal investigations into the fraud links of london outlet store.
He sentenced Denford to nine years’ imprisonment, to be eligible for parole after three years.