2009 media releases
Auckland property consultant jailed for tax fraud
9 July 2009
An Auckland property consultant and former chartered accountant has been jailed for two and a half years for evading tax estimated to exceed $200,000.
Lawrence David Eade was sentenced today in the Auckland District Court after earlier pleading guilty to 14 charges of tax evasion, and one of failing to register for GST.
The offending took place between April 2004 and March 2006 when Eade was a registered bankrupt. He used a company structure to hide his activities.
Inland Revenue Manager Assurance, Investigations, Richard Philp, said the sentence shows the seriousness of Eade's actions.
"Both Inland Revenue and the courts take a very dim view when a tax professional cheats on their taxes."
"Taxes help pay for important services like schools and hospitals. Mr Eade used his knowledge of the tax system to steal money from the community," said Mr Philp.
Eade was a registered bankrupt from March 2003 until March 2006. During this time, he traded in his personal capacity, but issued invoices under the name of About Property Limited, one of his companies. Clients settled the invoices by paying money into Eade's personal bank account.
Eade failed to file 2005 and 2006 income tax returns and is estimated to have evaded tax of $177,087.99. He also failed to file 12 GST returns from May 2004 until March 2006. GST evaded is estimated to be $62,355.06.
Eade has made no payments towards the outstanding tax. None of the returns have been filed.
It is not the first time Eade has appeared in court. In March 2001, one of his companies was prosecuted for failing to file tax returns.
For further information:
Catherine Delore
(04) 890 1698
(029) 890 1698
catherine.delore@ird.govt.nz
Other media releases this year
- Lower Hutt man sentenced for tax evasion
- Two jailed for multi-million dollar tax fraud
- High Court ruling on Westpac case
- Christchurch man jailed for GST fraud
- Tsunami donations tax credits
- Former Queenstown man jailed on tax evasion charges
- Jail for $5 million tax fraud
- Tiler jailed for $1.6 million tax evasion
- Online service makes tax refunds easier
- Inland Revenue welcomes High Court decision
- Te Kuiti accountant jailed for 12 months for tax evasion
- Property developer sentenced for GST fraud
- Wellington man sentenced for tax fraud
- Man jailed for GST fraud
- Helping you get it right
- Last day for tax returns fast approaching
- Auckland man sentenced on GST fraud charges
- GST fraudster convicted again
- New Plymouth woman jailed for fraud
- Christchurch man sentenced on tax offences
- Extradited tax fraudster sentenced to home detention
- Jail for multimillion dollar tax fraud
- Thousands of people eligible for unclaimed millions
- Inland Revenue appeals High Court decision
- Inland Revenue considers voluntary redundancies
- Talk to us, says Commissioner of Inland Revenue
- Apply now for the provisional tax ratio option
- Keep IRD numbers confidential
- Wellington accountant sentenced on tax fraud charges
- Avoid unexpected GST bills on apartment sales
- Nelson man jailed for tax evasion
- Stay informed about KiwiSaver changes
- Tax payment date fast approaching
- Former tax agent employee sentenced for fraud
Corporate Communications
Inland Revenue
For all media enquiries phone: 04 890 1698
For general communications enquiries
Phone: (04) 890 1936
Email: corpcomm@ird.govt.nz
Fax: (04) 498 5809
P O Box 2198
12-22 Hawkestone Street
Wellington
New Zealand
Date published: 09 Jul 2009
Back to top
