Jailed fraudster's sentence extended
Convicted fraudster pleads guilty to new set of charges.
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Former Strategic Planning Group diretor Andrew Robinson, jailed in July for six years over a $2.7 million fraud, has been sentenced to a further 12 months after pleading guilty to charges of making false statements in relation to the same business.
The charges followed investigations by the Financial Markets Authority and the Serious Fraud Office into the activities of SPG and SPG Investment Company No 1 that began in 2012.
Robinson was sentenced at the High Court in Auckland, having last month pleading guilty to charges laid under the Financial Reporting Act, the Financial Advisers Act and the Financial Service Providers (Registration and Dispute Resolution) Act.
Robinson admitted providing a broking service without being registered, knowingly making a false statement in his application to become an authorised financial adviser and also pleaded guilty to two charges under the Financial Reporting Act of making false statements in the SPGI financial statements.
He was jailed in July after pleading guilty to five charges of theft by a person in a special relationship and one charge of dishonestly using a document in May this year, in a prosecution brought by the SFO.
Robinson admitted stealing $2.7 million of investor funds to repay other investors and cover various business and personal expenses, then made false statements in investment reports to hide the picture from investors.
Earlier this month, Mark Turnock, former company director of SPG Investment Company No 1 (SPGI), also pleaded guilty in the High Court to a charge brought by the FMA over making false statements.
The charge was laid under the Financial Reporting Act over making false statements in 2008 and 2009 concerning SPGI financial documents. He will be sentenced on November 24.
(BusinessDesk)
Suze Metherell
Tue, 27 Oct 2015
Tue, 27 Oct 2015
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Jailed fraudster's sentence extended
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