Accountant jailed five years for $12 million fraud

Yes, our justice system is very unjust. I know someone who screwed the bank for $50,000 and got 11 months in jail and on top of that a $50,000 restitution order, that has to be paid before a pardon can be granted.  This guy did $12 Million and only got a 5 year jail sentence. He’ll get out in less than 3 years or even sooner. The more you do the less time you get, here in Canada. 

Financial controller Timothy Rodkin’s spending was out of control over the past five years.

The Ajax chartered accountant managed to spend almost all of the $12 million he defrauded from his employer, Elekta Canada Inc., a medical research and development corporation, Det.-Const. Doris Carriere of the Durham Regional Police major fraud squad said Thursday.

Rodkin, 42, was sentenced to five years in prison this month after pleading guilty in Oshawa court to fraud over $5,000 and breach of recognizance.

“A lot of the money went to other people,” Carriere said. “I think he just needed some love.”

Elekta hired Navigant Consulting, a Montreal forensic accounting firm, after it caught wind of what Durham police called “internal financial irregularities.”

By the time police were called in, Rodkin had already funneled $2.4 million of the company’s money to buy a house for a California girlfriend and then a Lotus sports car to put in its driveway.

His salary with the company was $88,000.

Another girlfriend got an Audi and a less expensive home in Ontario. Rodkin spent $53,900 for an engagement ring from Tiffany for a girlfriend.

He flew in American interior design consultants to gut and remodel the home he bought in a Whitby subdivision for $433,582 five years ago.

The bill for the interior upgrades was $659,000. Another $2,500 went for one kitchen chair alone.

“Most of the money is actually spent,” Carriere said.

An Elekta official said the company hopes to recover some of the money.

Rodkin, who is separated, bought some Harley-Davidson motorcycles for his friends and custom-painted his own hog in the Maple Leafs’ colours, with decorative leaves.

On March 23, he tweeted a photo of his blue and white Harley to the Leafs, with the message, “now if this isnt the biggest fan ever.”

Rodkin had worked for the company for 12 years. Police concluded the fraud took place between January 2006 and September 2011.

Rodkin was initially charged in February with fraud over $5,000 and possession of property obtained by crime over $5,000.

Carrie Grapethin, a Chicago-based official with Navigant, declined to comment on the role the firm played in the case, saying, “It is our policy not to make comments on our client engagements.”

Rodkin called himself “CrazyHD” on Twitter, where he had a cocky presence.

“I will rebuilt, bigger, faster, stronger and untouchable,” he messaged on April 17.

His mood was less buoyant on April 27, when he issued his final tweet for the foreseeable future: “Im surrounded by all your lies.”

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