Accountant Sentenced for Tax Evasion

March 4, 2009 New Zealand Taxation  No comments

Wellington accountant, Graham Edward McCready, has been sentenced to six-month home detention for tax fraud.

Graham Edward McCready would alter the GST and income filings of his clients and his own in order to generate extra expenses or incomes. It is claimed by the prosecution and the Inland Revenue Department (IRD) that in many cases the false refunds sent to clients was used by Graham Edward McCready for his own expenses.

His clients have claimed to not have any knowledge of fraudulent activity committed on their behalf and were lead to believe that all refunds were genuine, and that they did not know what forms they were asked to sign.

Originally the courts laid 50 charges of tax fraud against Graham Edward McCready, to which he pleaded not guilty. When a reduced sentence was offered he accepted pleading guilty to 12 charges of fraud equaling to $183,155. This consisted of $92,320 of income fraud and $90,835 in GST refunds.