Eight years' jail for director's $23m fraud
Gavin Clifford Bennett has gone to jail for eight years for defrauding $23 million from South Canterbury Finance and using some of it for a free-spending, grandiose life-style.
Gavin Clifford Bennett has gone to jail for eight years for defrauding $23 million from South Canterbury Finance and using some of it for a free-spending, grandiose life-style.
Convicted fraudster Gavin Clifford Bennett, who spent millions on wine and women in Sydney, will be sentenced today in Christchurch.
High-flying fraudster Gavin Clifford Bennett spent $A900,000 (NZ$1.16 million) on "regular payments to various female companions", according to the Serious Fraud Office (SFO).
Steven Knutson and Peter Cummins lost their jobs on March 31 when the Christchurch-based DatasouthBusiness Solutions went into liquidation. Two days later, together with David Carter, from Datapro, the former members of the Datasouth software team formed Canterbury Business Solutions.
IT solutions provider Datasouth, which went into liquidation on March 31, owes millions of dollars to more than 80 potential creditors according to a preliminary report by the company's appointed liquidators.