THEFT OF TRUST MONEYS.
SOLICITOR GETS TWO YEARS' HARD By Telegraph—Press Association. Wellington, Tuesday. Oliver Noel Gillespie, a solicitor who was committed from l'almerston North on seven charges of theft of trust moneys, came up for sentence before the Chief Justice to-day. Arthur Clark, of the firm of Clark and Menzies, auditors, gave evidence that his firm had been investigating the business a flairs of accused. The position was that there might be a surplus in the trust account. Other securities had been discovered which did not affect the trust account, and these . would realise a fairly large sum. Accused had lent out trust money witli- ! out any security, in some cases without interest. The deficiency in the trust account was practically nil. His Honor: Is there any chance of the people who gave the trust moneys to him getting repaid ? Witness: A very considerable clihnce. His Honor: Will they get paid in full?
Witness: It all depends upon how the | estate is realised. In reply to other questions, witness said he did not think accused had spent more than he had actually earned. He would not like to say that the people who gave Gillespie trust moneys would get 20s in the £; they would get a very considerable sum, anything from fifteen shillings upwards. His Honor said prisoner's case was unique. He had not benefited by the money. The whole business seemed to have - been beyond Gillespie's management or control, and he appeared to have kept the books in a great muddle. At the same time prisoner knew the law and that he had no right to divert trust moneys from their legitimate channels. The Chief Justice added that he did not propose to pass a heavy .sentence. Gillespie had come back voluntarily to New Zealand, and by his assistance a considerable sum of money had been recovered. He would be sentenced to two years' imprisonment with hard labor.
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Taranaki Daily News, Volume LVI, Issue 197, 18 February 1914, Page 3
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320THEFT OF TRUST MONEYS. Taranaki Daily News, Volume LVI, Issue 197, 18 February 1914, Page 3
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