A former trustee of Far North Māori fund who was jailed for a $1 million fraud he perpetrated with his sister has been denied a Supreme Court appeal over “cultural shame”.

Stephen Henare and Margaret Dixon virtually bled the Parengarenga 3G (P3G) Trust dry to pay for gambling and luxuries, such as a corporate box at rugby league games.

Both were prosecuted by the Serious Fraud Office (SFO) and on day four of Henare’s High Court trial last May, he pleaded guilty to five charges of theft…

… Continue Reading at: www.nzherald.co.nz [source]