Travelex employee who stole £70,000 from Fleet Street branch sentenced

|News, Fraud and economic crime

An employee who stole more than £70,000 from a Travelex currency exchange bureau has been sentenced for fraud.

Dubravko Kuftinec, 52, fraudulently stole £72,186 from the Travelex branch inside the Goldman Sachs building on Fleet Street.

He had been working at the central London branch for two years at the time of the offence and had been cashing in on the procedure used to cash personal cheques from Goldman Sachs employees, which is a service that the branch provided.

Today [Thursday, 19 September] Kuftinec was sentenced to 21 months in jail suspended for two years at Inner London Crown Court. He was also ordered to carry out 100 hours of unpaid work and a confiscation timetable set. He had previously pleaded guilty to one count of fraud between 29 April, 2018 and 12 June, 2018 at an earlier court hearing.

Peter Cockrill, from the CPS, said: “Kuftinec abused his position as a Travelex sales consultant and carried out numerous ‘ghost’ transactions against protocol when customers were not present.

“Travelex became suspicious about the transactions at its Fleet Street branch and an internal investigation was launched. This found evidence of wrongdoing including CCTV footage of Kuftinec caught in the act removing large sums of cash notes from the branch.

“Kuftinec thought he could get away with stealing thousands of pounds but the overwhelming prosecution evidence against him meant that he was forced to admit his guilt.”

Kuftinec has since paid back £33,151 and a further £1,169.39 were taken out of his wages.

Notes to editors

  • Dubravko Kuftinec [DOB: 28.09.1966] is a Croatian national who was living in Plumstead in the London borough of Greenwich.
  • Peter Cockrill is a District Crown Prosecutor at CPS London South.

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