GRANT MALCOLM HERBERT – former insurance company boss – and now a bankrupt – has been jailed for four years and six months after his conviction last month on 24 fraud charges.
Grant Malcolm Herbert was sentenced in the Auckland District Court. [Photo credit / Dean Purcell. NZ Herald]
Herbert was owner and managing director from 1991 of insurance brokerage Herbert Insurance Group, which collapsed in March 2011.
An investigation by the Serious Fraud Office found that he had received premiums from clients but failed to forward about $2.5 million of it to insurers, having some customers uninsured, the court heard. [Read more…]