Million-dollar IT fraudster handed jail sentence

Million-dollar IT fraudster Jimmy Ming Miu has been sentenced to three years and three months’ imprisonment today, after being found guilty of 55 charges at Auckland District Court.

The charges relate to Miu’s stint as IT Systems Manager for McKay Shipping New Zealand between 2000 and 2006.

During six years of charging his employer inflated invoices, Miu submitted 55 invoices totalling in excess of $1 million.

Extradited from Australia in October 2011 to face the charges, Miu purchased hardware and software using the trading name Avanti Systems or Avanti Systems Integration, before issuing the greatly exaggerated invoices unbeknown to his employer.

“We are pleased to conclude this prosecution and we appreciate the cooperation of overseas agencies that assist in the efficient management of extradition matters,” says Julie Read, Director, Serious Fraud Office.

“The SFO will continue to develop these relationships in order to improve the international fight against financial crime.”