Felixstowe: “Fast” Eddie Maher likely to have to pay compensation to former employer

Eddie Maher

Eddie Maher - Credit: Archant

FORMER Securicor guard Eddie Maher is likely to have to compensate G4S from his own pension pot after admitting stealing nearly £1.2million.

When the 57-year-old was sentenced to five years at Southwark Crown Court for the theft from outside Lloyds Bank in Hamilton Road, Felixstowe in 1993 Mr Justice Nichol said confiscation proceedings could be set in motion.

However, the Crown Prosecution Service made an application at Ipswich Crown Court today for an amendment to the judge’s original declaration to broaden the proceedings to include compensation.

Prosecutor Peter Gair told Judge David Goodin: “We are asking the court to amend the sentence by acknowledging there is a claim for compensation.

“It is likely all sums under confiscation will be applied to compensation. It’s unlikely there will be sufficient assets to apply to both.”

Securicor no longer exists but has been absorbed into G4S.

Maher is believed to have a pension pot worth around £125,000 from his 12 years as a firefighter with London Fire Service, which he left after injuring his shoulder in a training accident.

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Although he has been eligible for a monthly income, which is now understood to be worth around £600 a month, he made no claim on the money while on the run in America following the theft.

During Maher’s sentencing Southwark Crown Court was told his split of the £1,172,500 which was stolen when he drove off in his security van could have been as much as £200,000 as others were believed to have been involved.

Mr Justice Nicol told Maher: “You told the authorities that after your arrest you only received £40,000. Your wife has said it was about £200,000. If she is right, you made a very substantial gain, even if as you have said the money was lost over the intervening period.”

Maher was finally arrested in Ozark, Missouri, in February last year.