In its just-released decision, the Employment Relations Authority has ordered Susan Hagai to repay the Hibernian Society $547,000. She was also made to repay interest on the money of $3695.61, plus $2000 in costs. Originally convicted by Judge Susan Thomas of defrauding the Hibernian Society, Judge Thomas, did not order Hagai to repay the $1,242,750 she Read more
A civil claim against auditors of the Hibernian Credit Union, which is in liquidation as a result of a massive employee fraud, is set to be launched within weeks. Lawyers for both the credit union’s liquidators, and those acting for the still-solvent Hibernian Catholic Benefit Society, are in the final stages of preparing a claim Read more
Depositors in the fraud-hit Hibernian Credit Union face losing around two-thirds of their investment unless liquidators pursue damages claims, possibly through the courts.
In late January, at the request of the Registrar of Friendly Societies, John Fisk and Jeremy Morley of PricewaterhouseCoopers were appointed liquidators.
Hibernian was defrauded by its former accounts manager, Susan Hagai, who in October was jailed for four years and two months after pleading guilty to the long-running theft. Hagai admitted she may have stolen up to $1.5 million over seven years.
Read the article...A fraud victim, who is a pensioner that lost half her savings, says she is “dumbfounded” by the response to her plight, which has resulted in strangers insisting on sending her money.
Alola Frederickson, 73, became the face of the Hibernian Credit Union fraud last week, after she delivered a short victim-impact statement in Wellington District Court during the sentencing of Susan Terri Hagai.
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