Ross Andrew Henry, the former CFO in the U.S. of Australian exhibitor
Village Roadshow, was sentenced to 30 months in prison Wednesday for
participating in a scam that cost the company $11 million, the Sydney
Morning Herald reported today.
According to the newspaper,
Henry used company money to invest in a get-rich-quick scheme that promised
to treble investors’ money in 40 weeks “at absolutely no risk.” Instead, the
money reportedly moved from bank to bank until it simply vanished.
A Village
Roadshow lawyer said in an affidavit that it has become impossible to trace
the funds. He also acknowledged that although Henry had illegally used
company money for the scheme, he never made any money from it, either. “He
was a dupe, and he duped us,” the attorney said.
