The Registrar of Companies is making the rare bid of extending the statutory company director ban of a convicted businessman to 10 years due to the seriousness of his offending.
And just when he thought his days in court were over, he’ll be back next month to hear the Registrar of Companies application to have his statutory five year ban from being a director of a company extended to 10 years.
Waikato convicted fraudster Michael Smith, also known as Weaver, Levertoff and Fresnell, was on Friday jailed for an extra two years on top of his earlier five year sentence for frauds committed while on bail awaiting trial.
After a trial in the Hamilton District Court in April this year, Judge Robert Spear found Smith guilty of 21 of 26 charges of theft by a person in a special relationship. The offending spanned 2003 and 2004 and involved five groups of people.
He was jailed in July for his crimes – which totalled about $700,000 – that the judge described as “intentional” and “deceitful”.
However, while he was awaiting that trial in January this year, Levertoff – as he was then known – changed his name to Smith.
He then set up two new companies, AAA Brands Ltd and AAA Services Group, operating out of Whangaparaoa.
One of the businesses it began was Elder Consulting – offering retirement planning for the 60 plus – and on March 13 clocked up $20,847.42 worth of advertising with NZME, publisher of the Herald.
However, the company soon put a stop to the advertising after being tipped off about his identity.
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