An Auckland IT specialist has been sentenced to 3 years in prison on tax fraud charges.
Andreth Franghetti was jailed as a result of his offending relating to millions of dollars in Covid support payments, GST, and income tax refunds.
In total, Franghetti claimed $7,130,769 of which $300,039 was paid out.
Inland Revenue stopped the rest of the payments in October 2020 after suspicious transactions in his bank accounts prompted a review of all his applications and refunds.
It is disappointing to see fraud occurring in this way, and particularly in relation to products designed to support customers’ during a global pandemic.
Franghetti was sentenced in the Papakura District Court on 19 December 2022.