SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.
The Registrar of Companies is making the rare bid of extending the statutory company director ban of a convicted businessman to 10 years due to the seriousness of his offending.
And just when he thought his days in court were over, he’ll be back next month to hear the Registrar of Companies application to have his statutory five year ban from being a director of a company extended to 10 years. [Read more…]
PATRICK JOHN RENSHAW, 68, a former lawyer whose frauds contributed to losses suffered by many Upper Hutt investors in the 1990s has pleaded guilty to tax charges. [The NZ Gazette records him as a bankrupt effective 7 April 2014 in a notice from the official assignee].
Renshaw, now a tax advisor, was in the Wellington District Court yesterday (18/8/15) where guilty pleas were entered to 42 charges of aiding and abetting offences, most of them for not paying PAYE tax deductions to the Department of Inland Revenue for employees of his own company.
Other charges related to trying to claim false GST refunds for four companies, and filing a false tax return for himself and one company. He will be sentenced next week.
Inland Revenue produced a chart showing the shortfall in tax paid was $144,968, with another $201,413 attempted.
Renshaw was one of two defrauding partners in the high-profile collapse of Upper Hutt law firm Renshaw Edwards in 1992. [Read more…]
The NZ Companies Office records show that Sinotech Ltd was incorporated in 11 May 2015 with two directors, one of whom, “Shih Chuang Li, recorded his/her residential address on his/her signed Director’s Consent Certificate as: Level 1, 3 Frankmoore Avenue, Johnsonville, Wellington, 6037, New Zealand“. [Read more…]
Michael Richard Smith, 41, also known as Michael Richard Weaver, Michael Richard Levertoff and Michael Richard Fresnell, has had name suppression for the last couple of years so the Herald hasn’t been able to write about him. He changed his surname to Smith in January, three months before he would begin his fight – which he would subsequently lose – against fraud charges… fraud totally about $700,000. [Read more…]
Convicted fraudster Alex Swney was declared bankrupt today.
Last month he was jailed for five years and seven months for using false invoices to fraudulently obtain more than $2.5 million from the downtown Auckland promotion agency Heart of The City, which he had founded and led for
nearly two decades.
Alex Swney – TV(NZ)
Swney was also found guilty of tax evasion, having avoided paying more than $1.7 million in taxes to Inland Revenue. Including penalties and interest, he was found to owe $3.8 million.
The bankruptcy – which had been sought by the IRD – is now in the hands of the Official Assignee, who will seek to recover funds for any creditors. [Read more…]