Maserati-driving fraudster off to jail
Alan John McMillan sentenced to two years and ten months in jail.
The Maserati-driving former director of Koru Medical Radiology has been sent to jail for cheating the ex-ray equipment company of more than $8 million.
Alan John McMillan (51) was today sentenced to two years and ten months in prison at the North Shore District Court, after pleading guilty to 21 charges of forgery and dishonestly using a document while a director of Koru Medical Radiology – the company he set up in 2006.
The Serious Fraud Office (SFO) opened its investigation of McMillan last year and brought the charges under the Crimes Act in April.
McMillan admitted that between 2007 and 2010 he used false statements and sale and purchase agreements to inflate his financial position when applying $6.5 million in loans and $1.8 million in overdraft facilities from the Bank of New Zealand, Westpac Bank and Marac Finance Limited between.
While carrying out the fraud, he enjoyed all the trappings of an apparently successful businessman with at least two luxury cars on the go.
He has financing from Allied Nationwide Finance for a 2007 Bentley Continental and from Marac Finance for a 2008 Maserati Quattroporte.
SFO chief executive Adam Feeley said he was pleased to bring this case to a close, but concerned that fraud against banks and other lending institutions still made up a large caseload at his office.
Georgina Bond
Tue, 15 Nov 2011
Tue, 15 Nov 2011
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Maserati-driving fraudster off to jail
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