News
Mediaweb director John Clarke jailed for fraud
The MediaWeb debacle has concluded with a jail term for former director John Clark, who was sentenced to three years’ imprisonment earlier today at the Auckland District Court.
The MediaWeb debacle has concluded with a jail term for former director John Clark, who was sentenced to three years’ imprisonment earlier today at the Auckland District Court.
The Serious Fraud Office has today laid Crimes Act charges against Glenda Mary Wynyard (48), the former director and owner of The Media Counsel, in the Auckland District Court.
The Media Counsel hit the skids back in February 2010. And in the fifth six-monthly report, liquidators McDonald Vague are in no doubt as to what caused it: “The reason for the company’s failure lies solely with [Glenda Wynyard’s] action of removing funds from the company to fund her own lifestyle”. And as a result, Wynyard’s conduct is currently being investigated by the Serious Fraud Office.