He spent 15 years stealing millions from his firm and no-one noticed

orpington

A financial director blew a fortune on suits from Mick Jagger’s tailors and holidays in the Maldives after he wrote company cheques to himself for £6.6 million. Michael Collins, 66, ran Mediterranean Insurance & Reinsurance Ltd (MedRE) into the ground leaving creditors and shareholders £7.9million in debt after he used their cash to fund an opulent lifestyle. The firm went into administration after Collins signed off huge payments to fund American Express cards for his now ex-wife Lisa and their…

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