Fraudster's accomplice sentenced

REBECCA STEVENSON
Last updated 10:42 29/11/2012

Relevant offers

Money

Top tips for a big salary - NZ's highest-earning industries revealed A thousand people a year challenge mistakes in credit files Savers have options if they want a better return than banks can give them Health confessions from people in our most populous centres 'Health age' research spells out grim outlook for many Inquiry which found Newshub leaked interest rate decision cost taxpayers $59,000 You're not the only one to fight with your lawnmower - unreliable, but Kiwis still love them Predicting your KiwiSaver account balance easier with new Kiwi Wealth tool Budget 2016: It's not so tough at the top while the bottom 'gets ignored' Auckland family of 10 appeals $78,000 Work and Income debt

A 31-year-old Auckland property developer has been sentenced to nine months' home detention for his role in a scheme to short-change creditors of bankrupt developer Marcus Friedlander.

Ralph Anthony Vuletic pleaded guilty in October to forging documents, using documents to obtain a pecuniary interest and perverting the course of justice. He faced 25 charges brought by the Serious Fraud Office (SFO) under the Crimes Act.

He was sentenced this morning in the High Court at Auckland

Vuletic was the accomplice of convicted fraudster Friedlander. The pair manufactured fake loans to allow Friedlander to control his creditors' payment scheme and avert bankruptcy over debts of $10m.

The offending occurred in 2003 when the duo created a false backdated paper trail which included the sale and purchase of an Albany property owned by Vuletic. It also included an "acknowledgment of debt" creating a fake debt which increased support for Friedlander's creditors' proposal, the Serious Fraud Office said.

Friedlander was bankrupted in 2003.

Vuletic had rubbed shoulders with well-known property developers David Henderson and Nigel McKenna and used to drive a Ferrari, while his fellow offender Friedlander was an insurance broker and property developer.

A high profile Auckland law firm the SFO had investigated in relation to the offending had its ties to the case suppressed by the Court of Appeal.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content