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Angus fraudster Jacqueline McPhie to pay £600,000 compensation to oil company

Jacqueline McPhie
Jacqueline McPhie

A former oil industry manager from Angus is to hand over nearly £600,000 to a firm she embezzled out of more than £1.3 million.

Jacqueline McPhie was jailed for three years and four months for the financial crime committed against her former employers earlier this year.

McPhie, 46, stole £1,376,935 while working as vice-president for finance at Altus Intervention in Aberdeen between March 2013 and April the following year.

McPhie, who has a previous conviction for embezzlement while working as a finance manager for another company, earned £146,848 per year from the firm which supplies equipment for North Sea oil and gas projects.

After she admitted the latest embezzlement the Crown raised proceedings to seize crime profits made by McPhie.

The action settled at the High Court in Edinburgh today with a confiscation order of £587,434 but the money will become payable as compensation to Altus, who it is understood have also recovered more than £200,000 from her.

McPhie’s assets included a property in Aberdeen, a flat in Stonehaven and a caravan at Montrose.

McPhie was given six months to pay the confiscation order to Aberdeen Sheriff Court with a direction that it be paid as compensation to her former employer.

During her crime spree McPhie bought a £80,000 Range Rover, spent more than £60,000 on a new garage and driveway, £52,000 on a kitchen and £30,000 on a “bespoke” summer house for the garden.

Mr Lenaghan had earlier told the court that McPhie had felt she was “placed under pressure to provide wealth to her family unit”.

Lady Wise told McPhie in sentencing her that she had had what many people would regard as “an enviable existence”.

She said: “Your motivation can only have been greed to have even more material wealth than your position allowed you to accrue.”