A former Raketech employee has been sentenced to four years in prison after being found guilty of diverting client funds into his personal bank account.
Jonathan James Borg, who faced charges dating back to 2019, pleaded not guilty to multiple offenses, including obtaining money under false pretenses, money laundering, and fraudulent gain. He was also accused of violating a freezing order issued that same year.
Borg worked at Raketech from December 2017 to June 2018 before continuing as a consultant. The company reported him to authorities in February 2019 over fraud and misappropriation concerns. A subsequent police investigation revealed that payments from Video Slots had been rerouted to Borg’s Revolut account instead of being deposited into the client’s account.
An internal probe by Raketech confirmed that the Video Slots account was, in fact, linked to Borg’s personal account, disproving any claim of a technical error. The total misappropriated amount exceeded €13,000 ($15,167).
Although Borg admitted to being aware of some of the transfers, he denied responsibility for all. Investigators concluded that he had used his position to unlawfully divert funds.
In addition to his four-year sentence, Borg has been ordered to repay the stolen amount within a year and to forfeit a €10,000 deposit and a €75,000 personal guarantee to the government, along with €545 in court expenses.
