Lawyer Timothy Upton Slack has been sentenced in the Auckland High Court today for his role in a fraud relating to an Auckland development project.
He will serve 10 months of home detention.
Mr Slack, who is 55, pleaded guilty earlier this month to one Crimes Act charge of ‘Obtaining by deception’.
The charge was in relation to a Serious Fraud Office (SFO) prosecution where a group are alleged to have made false statements in order to obtain a credit facility from the ANZ Bank New Zealand Ltd to allow a company, Emily Projects Ltd, to develop the Waldorf Celestion Apartment Hotel in Auckland.
It is alleged that a loan facility of approximately $40 million was obtained by deception.
Mr Slack was one of four men charged in relation to the matter. The remaining defendants, property developer Leonard John Ross, company director Michael James Wehipeihana and self-employed consultant Vaughn Stephen Foster will face trial on 5 June 2018.