The offender pleaded guilty to one count of fraud over $5,000.
As a senior accountant at Payfare Inc., a financial technology company, the offender exploited a loophole in the company's banking portal to fraudulently transfer approximately $1.27 million to accounts in his name over a ten-month period.
The offender used the funds primarily for gambling, leisure, travel, and personal expenses.
Upon discovery, approximately $143,000 was recovered.
The offender subsequently entered into a civil settlement agreement with Payfare requiring payment of $85,000 over five years.
The court imposed a sentence of three years' imprisonment, a four-year prohibition order under section 380.2 of the Criminal Code, and a restitution order of $100,000 to the insurance company.