Fraud threatened entire industry, says SFO
A former dairy industry scientist charged with fraud has been sentenced in the Auckland District Court.
Trevor James Lock has received a sentence of six years’ imprisonment following a Serious Fraud Office (SFO) prosecution.
The former owner of Nubiotics Ltd and Nu-Brands Ltd was found guilty of 18 Crimes Act charges and two SFO Act charges in September.
Through both Nubiotics and Nu-brands, Mr Lock entered into a number of contracts to supply dairy and honey products.He used customer deposits to fund personal or other business expenses and then failed to deliver on the contracts.
SFO Director, Julie Read says, “With callous disregard for the consequences of his actions, Mr Lock deceived his customers and their agents. He caused significant financial and reputational loss to his victims and in many cases personal suffering. By his deception, Mr Lock risked the reputation of an important New Zealand industry. His sentence also includes six months’ imprisonment for providing false information to the Serious Fraud Office, which is itself a serious offence.”
From 2001, Mr Lock set up various companies as providers of milk powder and honey products, targeting the Chinese export market. In October 2001 Mr Lock began operating Nubiotics Ltd, and in February 2014 after Nubiotics was put into receivership, Mr Lock incorporated Nu-Brands Ltd.
Last updated on the 16th September 2019