Ex-Raketech Employee Sentenced to Four Years in Prison for Embezzlement
Former Employee Convicted of Embezzlement
A previous employee at Raketech has been sentenced to four years imprisonment after being found guilty of embezzling funds from the company. Alongside the prison sentence, the individual has been ordered to return a portion of the stolen money and barred from receiving any public funding.
Details of the Embezzlement Scheme
Jonathan James Borg, who worked at Raketech beginning in December 2017, was discovered to have exploited his position to divert client payments into his personal account. Court records reveal that over several months, he illegally obtained a total of EUR 13,164.27.
Suspicions arose in July 2019 when payments from Video Slots failed to appear in Raketech’s official bank account. Investigation traced the payments to a Revolut account controlled by Borg, who was found to be immediately withdrawing the diverted funds.
Though Borg acknowledged some transactions, he denied knowledge of others. Police initially struggled to find the missing transactions in his account but later determined the records had been deliberately concealed.
Legal Consequences and Sentencing
Borg’s defense claimed he never withdrew the funds, but the court ruled against him, backed by strong evidence. He faced multiple charges including fraud, unlawful computer access, money laundering, and acquiring money by false pretenses.
He was also charged with breaching a freezing order and violating his bail conditions.
In addition to the four-year prison term, Borg was ordered to forfeit a EUR 10,000 deposit and a EUR 75,000 personal guarantee to the government. He must also reimburse Video Slots the total embezzled amount or pay a comparable fine.
The court imposed a permanent ban on Borg from accessing public funding such as grants, tenders, and concessions. He is also prohibited from engaging in commercial activities and barred from running for any elected or public office for five years following his sentence completion.
Lastly, Borg must cover court expenses totaling EUR 545.74.
