Michael Swann

A letter threatening legal action if convicted fraudster Michael Swann was not given a favourable parole outcome is ''outrageous'', and could harm his chance of an early release, a criminologist warns.

Convicted fraudster Michael Swann is appearing before the New Zealand Parole Board this week, four years after he was imprisoned for defrauding the Otago District Health Board of almost $17 million.

Three years ago last month, Michael Swann was sentenced in the High Court, in Dunedin, to nine and a-half years' jail for defrauding the Otago District Health Board of $16,902,000. Swann's sentence might have been up to a year longer if it had not been for his remorse and attempts to make good. But, as Mark Price reports, those still looking for the missing money say despite the discount in his sentence, they have received no help whatsoever from Michael Swann.

Convicted fraudster Michael Swann's former home Ferntree Lodge is back on the market at a reduced price following a failed settlement between the Crown and a South Island buyer.

It has been confirmed funds recently recovered from convicted fraudster Michael Swann's assets were mostly from the sale of three properties.

More than $2 million has now been recovered by the Government from the sale of assets seized from convicted fraudster Michael Swann.

Negotiations continue in the sale of a million-dollar Dunedin property confiscated from convicted fraudster Michael Swann.

Bidding on a Dunedin property formerly owned by convicted fraudster Michael Swann, failed to reach half of its government valuation during a public auction.

Two properties owned or controlled by convicted fraudster Michael Swann were passed in at auction yesterday.

The renovated waterfront cottage at Careys Bay and three-bedroom house in Ferntree Dr, Wakari, are among 37 assets seized by the the Crown under the Proceeds of Crimes Act after Swann was convicted of defrauding the Otago District Health Board of $15.1 million between 2000 and 2006.

A Dunedin property formerly owned by convicted fraudster Michael Swann has gone on the market, days after a High Court decision ordering forfeiture of at least $2.5 million of seized goods belonging to Swann family trusts.