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Listing false residential address – Ex BBFC film censor jailed for false expense claims

July 6, 2015 by SPCS Leave a Comment

Former Conservative peer Lord Taylor of Warwick has been jailed for 12 months for falsely claiming £ 11,277 in parliamentary expenses. He claimed for travel between a home he used in Oxford and Westminster, as well for overnight stays in London.

Taylor listed his main residence as a home in Oxford, which was owned by his nephew, while he actually lived in a flat in Ealing, west London. He said he had made the false claims in lieu of a salary , and had been acting on colleagues’ advice.

[Note: In New Zealand Company directors who provide false residential addresses in their Annual Returns are more than likely to be making false travel expense claims in their tax returns.].

Jailing him, judge Mr Justice Saunders said the expenses scandal had left an indelible stain on Parliament .

Taylor was a former vice-president of the British Board of Film Classification serving from 1998 until 2000. He was appointed during moral times when the Government were keeping a close eye on BBFC presidential appointments….

Based on article: http://www.bbc.com/news/uk-politics-13599624

Secondary Source: Tendency to Deprave and Corrupt

http://www.censorwatch.co.uk/cw0511.htm#A_Tendency_to_Deprave_and_Corrupt_4552

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Filed Under: Crime, Enforcement Tagged With: false residential address

New Zealand’s history of Ponzi schemers

July 2, 2015 by SPCS Leave a Comment

In five of the last nine years, ponzi schemers have been banged up in jail as a result of their nefarious actions.

Between 1991 to 2012, New Zealand had at least one active Ponzi schemer at work at all times, most under the old Securities Commission, which was ineffectual and was swept away to be replaced by the Financial Markets Authority (FMA).

The FMA can’t guarantee there are no ponzi schemes operating as you read this. [Read more…]

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Filed Under: Crime Tagged With: Charles Ponzi, Financial Markets Authority, FMA, Ponzi scheme, Ponzi schemer

Alex Swney – Heart of the City founder – sentenced to 5 years jail

June 24, 2015 by SPCS Leave a Comment

Alex Swney – the disgraced former boss of Auckland’s Heart of the City, has been sentenced to five years and seven months jail.

The 57-year-old, who has admitted to tax evasion and defrauding the business group, appeared in the Auckland District Court on Wednesday.

There will be no minimum non-parole period.

The maximum penalty for the dishonest use of documents charge is seven years in prison.

Swney is the founder and former chief executive of the publicly funded Heart of the City, which promotes businesses in central Auckland. He was granted a temporary reprieve in April, after a sentencing judge fell ill.

Swney was fired last year after the Inland Revenue Department filed charges over $1.8 million of unpaid taxes, and a further $1.3m in penalties and interest.

The ensuing scandal triggered a Serious Fraud Office (SFO) investigation into Swney’s longstanding involvement with the group.

He pleaded guilty to the SFO charges, admitting he had submitted fictitious invoices to Heart of the City which netted him over $2.5m.

For full story go to:

http://www.stuff.co.nz/business/industries/69645518/heart-of-the-city-founder-alex-swney-sentenced-to-5-years-jail

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Filed Under: Crime Tagged With: Alex Swney, Heart of the City, Serious Fraud Office, SFO, tax evasion

Hamish McIntosh – Ross Asset Management investor – ordered to repay $454K

June 23, 2015 by SPCS Leave a Comment

Hamish McIntosh: Is a Wellington lawyer who was an investor in one of New Zealand’s biggest Ponzi schemes . who has been ordered to pay back the fictitious profits he withdrew.

McIntosh, who lost his appeal for name suppression was an investor in Ross Asset Management (RAM) and was being pursued for hundreds of thousands of dollars in a “clawback” claim by liquidators.

McIntosh withdrew $954,000 from RAM’s Ponzi-style scheme before it collapsed.

In March the court heard the investor borrowed $500,000 from Westpac to invest with RAM in April 2007 and was paid out $954,000 in November 2011.

In a judgment issued on Tuesday Justice Alan MacKenzie ordered McIntosh to pay to the liquidators $454,047.62. However, he did not have to pay the liquidator his $500,000 investment.

Liquidator John Fisk said he believed the judge had made a fair and balanced assessment . [Read more…]

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Filed Under: Crime, Enforcement Tagged With: David Ross, Fraud, Hamish McIntosh, name suppression, Ponzi-style scheme, RAM investor, Ross Asset Management

Jailed financial adviser stole $1m from elderly clients

June 19, 2015 by SPCS Leave a Comment

She was their trusted friend, their financial adviser, and for more than six years, Linnet Lewis used that very trust and friendship to steal just over $1 million from elderly clients.

Lewis, 55, was convicted on Friday at the Rotorua High Court to five years and five months imprisonment after pleading guilty to 16 charges of theft by a person in a special relationship.

Over a period of six-and-a-half years Lewis used her position as a trusted financial adviser to steal from her clients, some them in their 90s.

Prosecuting for the Serious Fraud Office, which led the investigation, Fletcher Pilditch said sums ranging from $15,000 to $250,000 were stolen from individual clients for Lewis’ own personal use and that the loss of trust had been devastating.

“It’s not just the money for the victims,” he said.

“They are people who believed in a handshake and believed in trust. That vulnerability was exploited by the offender.”

Go to full story:

Story by Benn Bathgate: Published 19 June 2015

http://www.stuff.co.nz/business/money/69536687/jailed-financial-adviser-stole-1m-from-elderly-clients

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Filed Under: Crime, Enforcement Tagged With: Linnet Lewis, theft by a person in a special relationship

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