A former employee of an insurance brokerage firm in Hertfordshire has admitted stealing hundreds of thousands of pounds from the company.
 
Stephen Fox, 49, pleaded guilty to the theft of £273,000 at Luton Crown Court on September 5, the Hemel Gazette reported.
 
According to the report, Fox is facing accusations of misappropriating the large sum of cash from insurance broker SJ Stoddart.
 
The report said Fox misused the funds from his employer between January 1, 2015 and January 1 of this year.
 
Fox, who comes from Standring Rise, Hemel Hempstead, will return to the court on September 26 to receive his sentence. He has been bailed until the same date.
 
SJ Stoddart went into liquidation in 2015 and previously had registered offices in both Tring and Berkhamsted.
 
 
Related stories:
Former BIBA worker jailed for 18 months
Ghost broker who duped own friends faces jail term