Scoop has an Ethical Paywall
Licence needed for work use Learn More

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

 

Eugene DeMarco jailed for defrauding aircraft company

5 December 2019


A former employee of a company owned by Sir Peter Jackson and Dame Fran Walsh has been sentenced to two years and five months’ imprisonment on charges brought by the Serious Fraud Office.

Eugene John DeMarco (57) was sentenced today in the Wellington High Court on six counts of fraud. Mr DeMarco committed the frauds while he was employed as The Vintage Aviator Limited (TVAL)’s production manager.

The defendant was found guilty by a jury in September. Mr DeMarco broke the law on several counts to rid himself of a debt of more than $1 million owed to a trust controlled by Mr Jackson and Ms Walsh and to dishonestly obtain a bank loan.

The Director of the SFO, Julie Read, said, “The sentence imposed today reflects the seriousness of offending. Mr DeMarco defrauded his employer, a charitable organisation and a bank. He exploited people’s goodwill and trust through his offending which was premediated and driven by self-interest.”

ENDS

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.