A former employee of Raketech, a marketing company in Malta, has been sentenced to four years in prison for stealing company money. The Times of Malta reported that 44-year-old Jonathan James Borg was found guilty of fraud, money laundering, and illegal access to company systems after moving over €13,000 into his personal accounts.

The court said Borg used his trusted position to take advantage of his access to company records. He changed payment details and hid the transactions for months to cover his actions.

How the Fraud Happened

Borg worked at Raketech between December 2017 and June 2018, later continuing as a consultant. His job included handling customer reconciliations, which allowed him to see and process client payments. The fraud came to light in July 2019, when Raketech’s head of accounts noticed that payments from Panda Media, made on behalf of Videoslots, were missing from the company’s accounts.

An internal check showed that Borg had changed payment details to send the money to his personal Bank of Valletta and Revolut accounts. Investigators found he used virtual MasterCard and Visa cards on Revolut to withdraw the stolen €13,164.27, often on the same day it was received. He was arrested in August 2019 when he went to a police station in Żebbuġ to sign his bail book.

Court Findings and Sentencing

During questioning, Borg denied knowing about the missing money, but police later found that he had hidden the transactions in his Revolut app. He did not report the activity, which made it clear he was trying to cover up the theft. Although there was no direct proof that he personally changed the payment details, the court said his special access to Raketech’s protected files and systems made him responsible.

The court sentenced Borg to four years in prison and ordered him to repay €13,164.27 within a year. He must also give up €85,000 to the government and pay about €550 in court costs. If the stolen money cannot be recovered, he will be fined the same amount. Borg is banned from running a business, applying for public contracts, or holding public office for five years after finishing his sentence.

History of Fraud and Forgery

Borg had a history of financial crimes. In 2008, he stole over 7,000 Maltese lira (about €16,000) from the Mosta Technopark Tenants Association, where he was treasurer. He forged documents to hide it but later admitted guilt, repaid the money, and got a two-year suspended sentence.

In 2009, he was charged again for using fake documents. He pleaded guilty and was discharged for two years. The court said his repeated offenses showed a pattern of deceit and abuse of trust, noting that despite earlier chances to reform, Borg continued to commit financial crimes.