So finally the Serious Fraud Office has charged Mike McDonald and he’s appeared in court:
Tax agent appears in court on fraud charges
MICHAEL BRADLEY/FAIRFAX NZ
The Serious Fraud Office has charged a tax agent with 18 counts of fraud, who was remanded on bail at the Manukau District Court.
A tax agent facing 18 charges laid by the Serious Fraud Office has appeared in the Manukau District Court.
Michael Robert McDonald, 40, has been a registered tax agent since 2002 and faced four charges of theft by a person in a special relationship, 13 charges of dishonestly using a document and one charge of false accounting.
In his role as a tax agent, McDonald filed GST, PAYE and income tax returns on behalf of clients and their related entities.
He was alleged between 2007 and 2013 to have received money from some of his clients for the purposes of paying tax but failed to forward the money to the Inland Revenue Department.
He also allegedly filed about 250 false GST and income tax returns to receive money from Inland Revenue or to retain client funds that he was not entitled to.
The Serious Fraud Office (SFO) has also charged McDonald for allegedly making false entries in one of his client’s financial statements in order to hide his offending.
McDonald was remanded on bail without plea and his next appearance was set down for December 11.
SFO director Julie Read said the misuse of money by professional advisers was a breach of professional standards and undermined the confidence of the community.
“New Zealanders need to rely on experts when dealing with complex financial matters and it is critical that such professionals demonstrate that they are worthy of the trust placed in them,” she said.
I found this article really good. It tallies with what I have found with exercise, eating etc.
How exercise can make you fat
Ever spent hours pounding away on a treadmill, then coming to the end of the week and finding your weight hasn’t shifted at all?
Or how about eating cake in the knowledge you’d been for a long cycle ride, yet somehow piling on the pounds? You’re not alone – or going mad. You’ve simply fallen foul of something scientists are increasingly recognising: exercise often doesn’t help you lose weight. And worse yet, there’s increasing evidence that it could even make you fatter. Just last month, in an article for the British Journal Of Sports Medicine, doctors said we have wrongly emphasised that physical activity can prevent people becoming very overweight.
The truth, they said, is that while physical activity is useful in reducing the risk of disease, it “does not promote weight loss”. That false perception, they claimed, “is rooted in the food industry’s public relations machine, which uses tactics chillingly similar to big tobacco companies – denial, doubt and confusing the public”.
Yet anti-consumerism is clearly helping to build the Patagonia brand. Indeed, the company is seeing double-digit annual growth.
The company’s anti-materialistic stance ramped up on Black Friday, 2011, with a memorable full-page advertisement in the Times that read, “Don’t Buy This Jacket.” The ad’s text broke down the environmental costs of the company’s top-selling R2 fleece sweater and asked consumers to think twice before buying it or any other product. The attention the ad received helped to bump Patagonia’s 2012 sales significantly.