Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Former director of accountancy practice guilty of theft

Media Release

12 December 2012

Former director of accountancy practice guilty of theft

Former director of Hobbs Rose Limited (Hobbs Rose), Gary Malcolm Hobbs (45), has been found guilty by a jury in the Hamilton District Court on 14 criminal charges laid by the Serious Fraud Office (SFO) in November 2011.

The charges, of theft by a person in a special relationship, against Mr Hobbs, related to funds totalling over $320,000.

At the time of the theft, Mr Hobbs was a director of Hobbs Rose, an accountancy firm based in Te Awamutu. The SFO investigation concluded that Mr Hobbs stole funds from two of his clients’ bank accounts and used those funds in part for the benefit of his own accountancy firm and for another company of which Mr Hobbs was also a Director, South American Tobacco Group NZ Limited.

Following the verdict, Acting Chief Executive for the SFO, Simon McArley, explained the importance the Office placed on this prosecution, “As a trusted advisor, Mr Hobbs let his clients down. This not only impacted directly on them but at a local level it undermines the good faith that people should be able to place in professional services such as chartered accountants.”

Mr Hobbs was a qualified chartered accountant and a member of the New Zealand Institute of Chartered Accountants (NZICA). Following an NZICA investigation into Hobbs Rose and allegations of client funds being mismanaged, Mr Hobbs’ NZICA membership was cancelled in 2010 and his name removed permanently from the NZICA register of members.

A sentencing date has been set for 15 February 2013.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news