Hibernain Fraud - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Sun, 21 Oct 2012 09:40:54 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Hibernain Fraud - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 $200k for Hibernian fraud victims https://cathnews.co.nz/2012/10/23/200k-for-hibernian-fraud-victims/ Mon, 22 Oct 2012 18:30:03 +0000 http://cathnews.co.nz/?p=35515 Victims of a major employee theft at the Hibernian Catholic Benefit Society could get an early Christmas present after a settlement was reached with insurers. A letter to members from Gordon Stewart, the Wellington lawyer who became president of the society in July, revealed that its former fidelity insurers had agreed to pay out $200,000. Read more

$200k for Hibernian fraud victims... Read more]]> Victims of a major employee theft at the Hibernian Catholic Benefit Society could get an early Christmas present after a settlement was reached with insurers.

A letter to members from Gordon Stewart, the Wellington lawyer who became president of the society in July, revealed that its former fidelity insurers had agreed to pay out $200,000.

Pending talks with liquidators, there could be a payment to members made in December. Mr Stewart said it was unclear how the insurance proceeds would be split between the society and the separate, but related, credit union - which faced the bulk of the losses - but he expected it would be proportional to the losses incurred.

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$200k for Hibernian fraud victims]]> 35515