Jeanne was the former General Manager of Jersey Mutual Insurance Society.
Timms helped Jeanne defraud the insurance company by falsifying invoices in return for lucrative contracts with the firm.
Their sentencing today follows a lengthy and complex financial crime investigation named Operation Lavender.
The criminal investigation was launched at Jersey Mutual in 2018 after a suspected fraud spanning years was uncovered.
Operation Lavender saw specialist financial investigators, supported by forensic accountants, investigating offending by Jeanne and Timms across a 13-year period.
Pictured: Jersey Mutual’s former office, where the business was based at the time the investigation launched.
Jeanne was charged with and pleaded guilty to three counts of larceny servant, falsification of accounts, money laundering and conspiracy to commit fraud which amounted to £3.3 million.
Timms was charged with and pleaded guilty to two counts of conspiracy to commit fraud.
Detective Inspector Aiden Quenault of the Joint Financial Crimes Unit said: “This case reflects the complexity of financial crime investigation but also highlights the dedication, perseverance and skill of the investigators and the Law Officers Department prosecutors involved in the case.
“The States of Jersey Police are committed to thoroughly and diligently investigating all types of offending and financial crime is no different; those seeking to benefit from abusing their position in business and laundering their illicit gains will be identified, investigated and prosecuted.
“Every effort will be made to confiscate and return any proceeds of crime to victims.”
Pictured top: Roy Jeanne (left) and Michael Timms (right).
READ MORE…
Fraud probe at Jersey Mutual still ongoing… four years on (2022)
Criminal investigation at 149-year-old insurance company (2018)