Court report: Don’t lie to the bank
Hamish McNicol talks about an approach to improving your financial position which is not recommended. With special feature audio.
A formerly bankrupt, struck-off lawyer allegedly fell into financial difficulty a couple of years ago and decided to lie to his bank.
But this week, Edward Errol Johnston, 59, was in court facing three charges brought by the Serious Fraud Office.
Mr Johnston, who was discharged from bankruptcy last month, entered no plea and will be back in court next month.
In the meantime, the SFO says he is alleged to have falsified sale and purchase agreements to his bank when properties he owned in Auckland fell into mortgage arrears.
Mr Johnston’s activities were referred to the SFO as early as 2013, reports from NBR at the time say.
It’s also not the first time he’s been accused of using false financial information after a sister company of failed Hanover Finance directed by Eric Watson and Mark Hotchin launched similar action against the struck-off lawyer.
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NBR Radio
Thu, 28 Apr 2016
Thu, 28 Apr 2016
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Court report: Don’t lie to the bank
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