12 Dec 2015

Former magazine publisher jailed for fraud

10:19 am on 12 December 2015

The former head of a failed magazine publishing company has been jailed for three years for fraud.

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Photo: 123rf.com

Victor John Clarke - the former director of MediaWeb - was sentenced in the Auckland District Court yesterday after admitting false accounting, using a forged document and obtaining by deception.

The charges had been laid by the Serious Fraud Office, which said Clarke faked financial statements to make MediaWeb's financial position look positive and created fictitious entries in its accounting system to obtain money.

It says his offending enabled him to get $2.2 million worth of money and loans.

MediaWeb, which published industry-related titles, was put into receivership in March 2014 and was then liquidated.