Former Lion Foundation ceo convicted on SFO charges
A former chief executive of the Lion Foundation has been found guilty of false accounting charges laid by the Serious Fraud Office.
A former chief executive of the Lion Foundation has been found guilty of false accounting charges laid by the Serious Fraud Office.
David John Conroy, former chief executive of the Lion Foundation has been found guilty of one count of false accounting and two counts of false accounting by an employee.
The verdicts came at the end of a two week jury trial held in the Auckland District Court before Judge Gibson.
The charges were laid by the SFO and related to three journal entries made between 2002 and 2004 in the Lion Foundation accounts, which had the effect of writing off almost $520,000.00 from a debt balance owed by the Strathern Inn in Invercargill.
Mr Conroy made the journal entries without the knowledge or approval of the Board in order to hide the true amount owed to the Foundation by the Strathern Inn.
He was remanded on bail for sentencing on 13 April 2011.