No announcement yet.

Director jailed for theft, false statements


  • Director jailed for theft, false statements

    Click image for larger version

Name:	Buckley.jpg
Views:	1
Size:	3.4 KB
ID:	24794
    Former Belgrave Finance director Shane Joseph Buckley has been jailed for three years on a variety of charges including theft and making false statements. Buckley, 44, who was sentenced in the Auckland District Court today, pleaded guilty in May to 19 charges laid by the Serious Fraud Office (SFO) of theft by a person in a special relationship, and four charges of making false statements under the Crimes Act.

    He also admitted one Securities Act charge of making an untrue statement and one Companies Act charge of making a false statement to a trustee which was brought by the Financial Markets Authority (FMA) in a joint prosecution.
    The charges related to more than $18 million of loans made by Belgrave to various entities between June 2005 and March 2008.

    The finance company, which made property loans, went into receivership in May 2008 owing about 1000 investors $20m. Receivers have indicated a potential recovery of around 21c in the dollar.

    SFO Chief Executive, Adam Feeley, said while there might be understandable fatigue in some quarters with "yet another finance company sentencing", it was important to the integrity of law enforcement to ensure that the legal system held those responsible to account for their financial crimes.

    Earlier this year, another former Belgrave finance director, Stephen Charles Smith 43, and an associate, Raymond Tasman Schofield, 49, were committed for trial on similar charges. The trial is set down to begin on April 29 2013

    Credit Stuff-
      Posting comments is disabled.

    Latest Articles


    • Financial Markets Authority Duped by Ponzi Scammer
      by admin
      New Zealand has a horrible history of ponzi schemers. In five of the last nine years, ponzi schemers have been banged up in jail as a result of their scams. Now a Financial Markets Authority analyst has been charged with forging a glowing academic record to get his job and then stealing nearly $210,000 in a Ponzi-type scheme. Benjamin Anthony Kiro is alleged to have convinced women he met on online dating sites such as Tinder, or businessmen introduced to him by associates, to invest in companies ...
      19-09-2015, 01:04 PM
    • Judge rules Banks to stand trial
      by admin

      A judge at the High Court in Auckland has rejected an application from ACT Party MP John Banks to review a decision to charge him with making a false electoral return.

      The Associate Education Minister is to be tried on a charge of making a false return following his failed campaign for the Auckland mayoralty in 2010. The charges against Mr Banks were initially brought by retired accountant Graham McCready after the police refused to file charges
      07-04-2014, 08:45 PM
    • Justice Department "fixes" trial of court employee
      by admin

      Last week, on a quiet Monday afternoon in the Porirua District Court, Judge Arthur Tompkins dealt with a case that up until recently would have been put to a jury to decide whether or not the Crown had proven its case. Now days, an offence has to attract a penalty of 2 or more years imprisonment before an accused is entitled to request a jury trial. Judge Tompkins was called in from Hamilton to preside over the trial because of the difficulty in finding a Wellington judge who did not know ...
      05-03-2014, 01:38 PM
    • Wellington foodbank investigated for fraud
      by admin
      A Wellington foodbank is being investigated for fraud, after it was deemed to be involved in "serious wrongdoing".
      The Wellington Foodbank Service - not associated with the one run by the Wellington City Mission - has also now been stripped of its charitable status, with the Department of Internal Affairs advising major donors not to hand over more money.

      The bulk of existing donations appear to be have disappeared, as liquidators find the charity's bank accounts emptied and almost...
      28-02-2014, 11:27 PM
    • Judge's decision causes outrage
      by admin

      A prominent Tauranga professional has avoided a criminal conviction and had his identity kept secret after admitting he assaulted his young son during a dispute over a cellphone and iPod.The middle-aged man was discharged without conviction despite pleading guilty to a common assault charge when he appeared in Tauranga District Court yesterday. Judge Josephine Bouchier also granted the man permanent name suppression. The man's former partner last night told the Bay of Plenty Times she...
      31-05-2013, 01:31 PM
    • John Banks faces court over mayoral donations
      by admin
      Act Party leader John Banks will be summonsed to court to face a private prosecution over his failure to record donations to his mayoralty campaign.Judge Ian Mill, in a decision released today, said there was sufficient evidence to call Mr Banks before the court. "Access to the courts for the purposes of private prosecutions is an important safeguard against the abuses of the executive's prosecutorial discretion ..." Judge Mill said.The private prosecution has been brought by retired Wel...
      19-04-2013, 10:28 AM