13 Oct 2017
R v SCOTT [2017] NZHC 2510
- Citation
- [2017] NZHC 2510
- Court
- High Court
Offender ran a 13‑year Ponzi scheme obtaining $5.425M and causing $2.16482M loss to 13 victims; culpability is serious though reduced because offender was not a professional fiduciary; appropriate starting point for totality is seven years imprisonment; apply discounts of 25% for early guilty plea, 5% for demonstrated remorse/assistance, and 5% for significant ill health, resulting in a global sentence of four years and eight months imprisonment to be served concurrently on 27 charges; charges 17, 18 and 20 discharged under s147 Criminal Procedure Act 2011.