Disgraced Auckland high-flier to wait for sentencing after judge falls ill

Disgraced former Heart of the City boss Alex Swney will not be sentenced today after the judge fell ill.

Swney had been advised to prepare for a possible prison term when he appears in the Auckland District Court this morning to be sentenced for tax evasion and fraud.

In January Swney pleaded guilty to tax evasion totally $1.8m, and a further $1.3m in penalties and interest.

That inquiry sparked a Serious Fraud Office investigation into Swney's activity at Heart of the City resulting in further charges that Swney had submitted fictitious invoices to Heart of the City which netted him over $2.5 million.

Swney pleaded guilty to those charges on April 21 and is set down to be sentenced on all counts today.

The maximum penalty for the dishonest use of documents charge is seven years in prison.

Due to the judge's illness, the sentencing will be adjourned to a later date.

Rebecca Wright went looking for the disgraced former Heart of the City CEO who has not spoken publicly since his guilty plea. Source: 1 NEWS