Home detention for lawyer involved in $40m alleged fraud

The actions of a lawyer involved in a fraud which misled ANZ into providing a property development with a $40 million loan were a “gross breach” of trust, a judge has found.

Timothy Slack, 55, was one of four men charged by the Serious Fraud Office (SFO) in relation to the development of the Waldorf Celestion Apartment Hotel in Auckland.

Earlier this month he pleaded guilty to one count of obtaining by deception, and on Tuesday, he was sentenced at the Auckland High Court.

Justice Kit Toogood said his actions had been “a gross breach of trust” and he would be “very surprised” if Slack did not lose his licence.

READ MORE:
Guilty plea in alleged $40m property development fraud
$40 million fraud alleged over Auckland hotel development

LAWRENCE SMITH/STUFF

Timothy Slack was sentenced to 10 months home detention.

READ MORE VIA STUFF

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