Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Prison sentence for forgery and false statements

Prison sentence for forgery and false statements

John Grant Fagan (54) has been sentenced in the Palmerston North District Court to three years and one month imprisonment following a Serious Fraud Office (SFO) prosecution.

In September last year, Mr Fagan pleaded guilty to 15 offences under the Crimes Act 1961 of false statement by promoter, forgery and using forged documents.

The charges arose out of Mr Fagan’s attempts to promote a number of technology and property companies between 2009 and 2011. He used false and forged documents which overstated the value or success of the businesses, in an attempt to encourage people to invest with him. He also made false statements overstating the position of the companies. Mr Fagan’s actions relate to investments of $1.285 million and attempts to gain a further $4.564 million from various individuals and entities.

SFO Director, Julie Read said, “The SFO is pleased that we have obtained some justice on behalf of the investors who were victims of Mr Fagan’s fraudulent claims. It is important that investors understand the risk associated with any investment and that they make as many inquiries as are necessary to reach that understanding. Nonetheless, there will still be cases where money is lost through fraud and it is important to prosecute those cases to deter others.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>


BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>


Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>


Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>


State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>


Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>





Featured InfoPages