A London court has prohibited a millionaire from utilizing electric trains after he rode without a ticket for almost a year, as reported by The Times.
This concerns Joseph Molloy, an ex-top executive of a financial conglomerate. The 53-year-old millionaire banker defrauded the railway company of nearly 6,000 pounds over an eleven-month period.
It is understood that Molloy employed the “donut” technique, paying for only a portion of his journey. Furthermore, he registered his smart cards under fictitious names and took advantage of a 50 percent reduction intended for the unemployed support scheme. In total, he made 740 journeys this way.
The millionaire’s legal representative attempted to excuse his actions by citing stress stemming from his mother’s passing and ongoing health issues. The court handed the wealthy fare-dodger a suspended sentence of 10 months imprisonment, mandated 80 hours of community service, and ordered him to repay the damages to the company. Additionally, for a period of one year, he is barred from using services provided by the railway company he defrauded.
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