He avoided prison by being allowed to serve home detention in a $4.7 million mansion, with a swimming pool and a tennis court.
Now, disgraced financier John Hotchin has been spotted in his local Countdown doing the family shopping.
But the Probation Service says Hotchin, who was convicted of breaches of the Securities Act, was allowed to be out and about.
Hotchin, the younger brother of Hanover Finance’s Mark Hotchin, was sentenced in March to 11 months’ home detention, 200 hours community work, and ordered to pay $200,000 reparation. He had pleaded guilty to three charges laid by the Securities Commission, related to the collapse of his company Nathans Finance.
His sentence is being served in luxury in the posh Auckland suburb of Kohimarama. And over the past two weekends the Herald on Sunday has seen him grocery shopping, the first time with his wife Sally.
Categories: New Zealand