Sevens fraudster Richard Edgar Anderson has been declared bankrupt.
In 2012, Anderson, also known as Richard Edgar Joseph Anihana, 53, was sentenced to 10 months’ home detention and ordered to repay $48,601 in reparation within two years, after earlier admitting defrauding the national rugby sevens tournament of $64,000 in 2009 and 2010.
The deadline was extended by Judge Michael Turner in the Queenstown Court earlier this year.
Anderson was given until December 15 to make payment in full, and did so in October, following the sale of land in Thames owned by the Hakianihana Family Trust, of which Anderson was a trustee.
At a court appearance in September, property and business lawyer Russell Mawhinney says the sale and purchase price was $308,000, of which $133,000 would be given to Anderson’s niece, the purchaser of the land.
The remaining money, minus a $110,000 mortgage and legal fees, would be used to pay the reparation, Mawhinney says.
Insolvency and Trustee Service website said Mr Anderson was declared bankrupt on November 20, in the High Court at Invercargill, following a creditor petition.