Alex Swney should put an ‘i’ in his name

Alex Swney is a piece of work.

He should really put an ‘i’ in the middle of his surname.

Auckland businessman Alex Swney has admitted a new charge, taking his total amount obtained through fraud to more than $4 million.

The 57-year-old former Heart of the City boss appeared in Auckland District Court this afternoon on a new representative charge laid by the Serious Fraud Office today.

Court documents show he dishonestly used false invoices to obtain $2,527,005 from the company between February 2004 and October 2014.

The charge carries a maximum prison term of seven years.

Swney is set to be sentenced on IRD-laid charges next week and a judge previously told him jail was the inevitable outcome.

His lawyer Murray Gibson acknowledged that in court today and asked that his client be sentenced on both matters on the same date.

In January, the former mayoral candidate pleaded guilty to four representative charges covering 12 years of offending and $1,757,147 of unpaid taxes.

He’s a complete ratbag. I hope he gets a good long stretch in jail.

The SFO said Swney’s actions had caused lasting problems for Heart of the City and reflected poorly on the country.

“Mr Swney dishonestly obtained funds to which he knew he was not entitled. The misappropriation of funding intended to benefit Auckland businesses increased the cost of the services provided by Heart of the City and reduced the benefits delivered by what has otherwise been a very successful venture,” SFO director Julie Read said.

“Fraud of this size by employees who are entrusted with the management and expenditure of substantial sums of money is very costly for both the businesses concerned and more broadly for the community as it harms the integrity of these organisations.

“In bringing this prosecution the SFO is helping to protect the reputation of New Zealand as safe place in which to do business and invest.”

Heart of the City welcomed Swney’s admission of guilt and said it marked an important step in restoring the public’s faith in the organisation.

There is clearly some systemic issues in governance at Heart of the City, and Len Brown has got some questions that need answering too.

Alex Swney though will be forever known as a tax dodger and fraudster.

 

– NZ Herald

 


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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