Boss blew firm's £100,000 in London lap-dancing bar

Eleven people lost their jobs after married Ian Tulloch, 59, falsified profits while spending 104,000 at a Spearmint Rhino club.

The 55,000-a-year managing director of a steel supply firm was falsifying accounts to boost profits and award himself bonuses of 73,000.

In reality the firm was making losses and 11 people had to be made redundant at KB (Northern) Reinforcements after Greater Manchester Police, uncovered a 3m black hole in their accounts.

Tulloch, of Lordswood Close, Chorley, Lancashire, had pleaded guilty to fraudulent trading, falsifying company documents and making false statements to auditors.

He was sentenced to 12 months' imprisonment suspended for two years at Minshull Street Crown Court, Manchester and must complete 300 hours' community work. He was ordered to pay 150,000 compensation.