NZ businessman siphoned NZD 300,000 from motorcycle dealership

**Bob** · 15th March 2013, 00:44

Glenn George Bayly, 46, a former Tauranga businessman, has been convicted of siphoning nearly NZD 300,000 from the motorcycle dealership he co-owned.

Bailey pleaded guilty to 50 out of 117 charges against him relating to theft, false accounting and fake finance applications. He also submitted a guilty plea to a further 10 charges that were not part of this trial including altering banking access codes and altering the company’s computer accounting.

Sentencing is expected on April 2nd. Bayley is barred from leaving the country pending sentence.

**nzspokes** · 15th March 2013, 07:08

See, bike shops are gold mines........

**Crasherfromwayback** · 15th March 2013, 07:58

Originally Posted by nzspokes

See, bike shops are gold mines........

You hang onto that dream.

**Wingnut** · 15th March 2013, 08:44

The world is full of "honest" white collar theiving bastards.... Motorcycle industry is not immune to them also! Slap on the wrist to come for him?

**ducatilover** · 15th March 2013, 09:25

Originally Posted by Crasherfromwayback

You hang onto that dream.

How much can you get from WMC? I'll hook you up with a way to hide the money and stuff, just NO COFFEE!

Sent from an abyss of doom

**Smifffy** · 15th March 2013, 10:19

Originally Posted by Wingnut

The world is full of "honest" white collar theiving bastards.... Motorcycle industry is not immune to them also! Slap on the wrist to come for him?

Bus ticket is currently in the soak cycle.

**paturoa** · 16th March 2013, 08:56

Which shop?

**AllanB** · 16th March 2013, 12:08

I wonder what period of time the $300k was stolen over. Must have been a few years.

**gammaguy** · 16th March 2013, 16:28

Originally Posted by paturoa

Which shop?

MotoGB

No longer trading,surprisingly

**Crasherfromwayback** · 16th March 2013, 22:32

Originally Posted by nzspokes

See, bike shops are gold mines........

Originally Posted by gammaguy

MotoGB

No longer trading,surprisingly

Nah...they're fucking gold mines mate!

**nzspokes** · 17th March 2013, 06:43

Originally Posted by Crasherfromwayback

Nah...they're fucking gold mines mate!

Bet they didn't open sundays either.

**Crasherfromwayback** · 17th March 2013, 08:34

Originally Posted by nzspokes

Bet they didn't open sundays either.

Just imagine how much they'd make if they did!

**NordieBoy** · 17th March 2013, 08:37

Don't need to open Sunday.
Just make sure you're open the day before any local race.

**Zedder** · 17th March 2013, 08:41

This from the NZ Herald about the general manager of Auckland's Western Springs speedway stealing $350,000.

Despite being on a salary of $100,000 and having a company car he couldn't keep his hand out of the till:http://www.nzherald.co.nz/crime/news...ectid=10871588