A UK accountant embezzled $660,000 of public funds for Cryptocurrency Trading gambling and was sentenced to nearly 3 years in prison.

[Chain News] Another tough guy has emerged in the UK. A 39-year-old man named Jason Lowe from North Yorkshire worked as an accountant at a company since 2016, and over the course of 8 years, he “borrowed” more than 500,000 pounds from the company's accounts — equivalent to about 660,000 dollars.

Where did the money go? It was all converted into cryptocurrency and then thrown into online casinos. This guy's operation is quite bold: he forged payment orders for companies like Meteorbrand and transferred the money to his own account. The banking system had actually discovered the abnormal transactions in his account long ago and flagged them. But he directly shifted the blame, claiming that the money came from a personal business sold in 2021—such a lie, without even a draft.

After the incident was exposed, there was a sense of anxiety within the company, and employees began to suspect each other. In the end, it was the police's economic crime unit that took action, tracing the entire flow of funds along the on-chain traces of the cryptocurrency, which ultimately nailed him.

The court ultimately sentenced him to 33 months in prison. To be honest, using the company's money to gamble on cryptocurrency takes quite a lot of guts. One can only say that although blockchain is anonymous, it still reveals the truth when faced with professional investigations.