A former rural stock agent is to serve 12 months' home detention and pay $550,000 reparation for fraud which caused losses of well over $1 million dollars.
John Francis Williams, 40, of Balclutha, was given the sentence when he appeared before Justice Gendall in the High Court at Dunedin this morning.
A sentencing indication in October resulted in him admitting one charge of causing loss by deception, and three representative charges — obtaining by deception, false accounting with intent to deceive and false accounting with intent to obtain pecuniary advantage.
The offending occurred over the two years from mid-2014 when Williams was employed by Rural Livestock Limited (RLL) as a livestock agent.
