A court has heard how a corrupt boss embezzled over £1.3 million from his own homeless charity, which he used to fund a lavish lifestyle of private planes and expensive foreign trips.
The Crown Court in Cardiff was told that Robert Davies, 50, had set up fake (or ‘bogus’) companies to which he channeled £1,343,074 over a number of years and used to send false cheques, the Mirror Online reports.
Much of the cash he stole may have been donated to the ‘Cyrenians’ charity in Swansea by kindhearted members of the public, given to help “the homeless and those in poverty”, the court was told.
Welsh Government figures show that 2,589 households in Wales were assessed as being statutory homeless and in need of secure accommodation during October to December 2016.
Mr Davies is said to have used the money he stole to finance his own extravagant lifestyle, including spending over £100,000 on boats and expensive trips to Japan, America and South Africa.
The greedy charity boss even hired private jets, costing £26,653, to transport him between Swansea and Paris, paid for by the money he had stolen from the charity.
He had also used the money to pay for an expensive stay at The Savoy in London, costing £10,276. In total, Mr Davies spent £83,752 there.
Other extravagances include the hire of a Bentley to take him to Heathrow and a £9,000 boat for his son.
Prosecutor Carl Harrison said: “He led a lavish lifestyle financed by his fraud of the charity. His most expensive stay at The Savoy cost £10,276. In total he spent £83,752 there.
“He would often hire expensive cars – he once hired a Bentley to go the Heathrow Airport which cost £280. He hired private aircrafts to travel between Swansea and Paris, totalling £26,653.
“He also spent over £100,000 on boats, including a £9,000 boat for his son.”
His crimes first came to light in December 2014, after cheques he had written began to bounce.
The charity where Davies had worked for 10 years has since been forced to close, with 20 workers losing their jobs.
Davies, a married father with two children, admitted to writing 271 false cheques and was jailed for five years.
This article was last updated at 02:14 (GMT) on 22nd July 2017 to correct an editing error.