Strategic Planning exec jailed for six years
Investment adviser used money on personal expenses.
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Auckland financial adviser and former Sunday Star Times finance columnist Andrew Hrothgar Robinson has been sentenced to six years’ in jail.
He was found guilty in the Auckland High Court of five Serious Fraud Office charges of theft by a person in a special relationship relating to his role with Strategic Planning Group and convicted.
Robinson stole investor funds of approximately $2.7 million to repay the investments of other investors and to pay for some business and personal expenses between 2010 and 2012.
He made false statements in various investment reports to hide the true picture from investors.
The investigation began in December 2012 when the Financial Markets Authority received a complaint, with allegations about Mr Robinson’s management of client funds.
The FMA referred the Crimes Act issues to the SFO and the agencies conducted parallel investigations.
Robinson still faces charges laid by the Financial Markets Authority under financial markets legislation.
Chris Hutching
Fri, 17 Jul 2015
Fri, 17 Jul 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Strategic Planning exec jailed for six years
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