Grant Herbert jailed for four years six months in insurance broking fraud

Wed, 15 Oct 2014

By Paul McBeth Oct. 16 (BusinessDesk) - Grant Herbert, the former owner and director of failed insurance broking firm Herbert Insurance Group, has been jailed for four years six months after being found guilty of fraud last month. Herbert was today sentenced in the Auckland District Court after being found guilty of 17 Crimes Act charges and seven Secret Commissions Act charges, the Serious Fraud Office said in a statement. Herbert had received clients' premiums, but failed to forward about $2.5 million of that to insurers, leaving some c...

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