Second developer sentenced to home detention
Monday 17 December 2012
A second property developer has been handed a home detention sentence for his role in an elaborate fraud.
By The Landlord
Marcus Julian Friedlander was sentenced to seven months home detention in the Auckland High Court today.
Charges were brought against Mr Friedlander and an associate, Ralph Vuletic, in January 2011 by the Serious Fraud Office.
Both men faced charges under the Crimes Act of attempting to pervert the course of justice, using a document for the purpose of obtaining pecuniary advantage and uttering a forged document.
In August this year, Friedlander pleaded guilty to creating a false debt to avoid bankruptcy, with the assistance of Vuletic.
At that time, Friedlander had a failing property development and insurance brokering businesses and was in debt to the tune of over $10 million.
He formulated a scheme to attempt to avoid bankruptcy by creating a false debt and fraudulent paper trail.
Vuletic pleaded guilty in October 2012 and was sentenced to nine months home detention.
Comments from our readers
No comments yet
Sign In / Register to add your comment
House Prices
What lies ahead for the housing market
As New Zealand begins to settle into the “new normal” of the Covid-19 lockdown, commentators have started releasing their (tentative) outlooks for the housing market. Here’s a summary of some of them...
Commercial
“No access in emergency” lease clause: putting it in context
Much attention has focused on a commercial property lease clause which could mean commercial tenants don’t have to pay all their rent during lockdown, so the Auckland District Law Society is providing more information about it...
Mortgages
Banks roll out mortgage holiday
Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.
