Grant Thornton former employee jailed for stealing £700k from trusts set up to help charities

Susan McMahon, 34, from Motherwell in North Lanarkshire, was sentenced to 40 months imprisonment at Glasgow Sheriff Court

Glasgow Sheriff Court
Glasgow Sheriff Court

A former employee in the trust department of the accountancy firm Grant Thornton has been jailed for 40 months for embezzling more than £700,000 from trusts that were set up to help charities including Save the Children.

A spokeswoman for Glasgow Sheriff Court confirmed that Susan McMahon, 34, from Motherwell in North Lanarkshire, was sentenced to 40 months imprisonment at Glasgow Sheriff Court last week.

She had pleaded guilty to embezzling £726,765 between 2006 and 2013 at a hearing last month.

Charities that have been reportedly affected by her actions include Save the Children, the grant-maker the Margaret Murdoch Charitable Trust and the Aberdeen-based Sports University Scotland.

McMahon was assistant manager in the trusts department at Grant Thornton. A spokesman for the firm said in a statement: "Grant Thornton, together with its insurers, is in the course of addressing compensation arrangements with the affected trusts in respect of the losses they have been shown to have incurred by reason of Mrs McMahon’s criminal activity. 

"While not wishing to be anything other than helpful, you will appreciate that Grant Thornton is constrained by obligations of confidence from disclosing any further details in relation to such arrangements. We are of course aware that at the sentencing hearing in the Glasgow Sheriff Court, Mrs McMahon was sentenced to 40 months in prison. This is a decision of the court on which we will not comment".

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