Three years for millionaire who ripped off hotel staff

A multi millionaire who cheated his staff and the taxpayer out of nearly £500,000 while running a hotel once frequented by royals has been jailed for three years. Michael Stainer, 74, pocketed the contributions of 50 employees while in charge of The Grand in Folkestone – a favoured haunt of Edward VII and his mistresses. The chartered accountant had a property portfolio worth £4,940,000 but still tried to wring every penny out of his staff. One employee thought his payments…