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eadman bosses sent to jail

7th March 2002, Page 7
7th March 2002
Page 7
Page 7, 7th March 2002 — eadman bosses sent to jail
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Which of the following most accurately describes the problem?

hree men who ran a highIle group of haulage compain the Midlands and Kent been jailed for a total of 12 s for fraud.

;hristopher Trietline, James Lye and Arthur Waite ited creditors of nearly before the once successful dman group of companies brought to its knees.

the trio forged invoices to irate cash and put up land vehicles they did not own as irity for loans. They also Wed credit with no realisprospect of meeting the repayments and their cheques bounced up to five times.

One company, West Sussexbased Southern Counties Fuels. lost more than E60.000 after agreeing to extend credit for diesel in the mistaken belief that Deadman had substantial assets.

Trletline was jailed for five years after Judge Adele Williams at Canterbury Crown Court described him as the "the most intelligent and manipulative of the three defendants". She told him: "Nat only were you dishonestly gambling with the Deadman group of companies but also with other people's money and jobs."

She jailed Tarigye and company accountant Waite for three years, describing them as "willing associates".

Trietline and Waite were convicted of three counts of fraudulent trading; Tangye was found guilty on two counts.

Oeadman had two other firms in Whitstable and Leicester running a total of 50 vehicles—all the companies were wound up between 1996-97 with the loss of 75 jobs.


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