Swann's Rolls-Royce lifestyle - the evidence

Turners Auctions Dunedin branch manager Andrew Spiers with a row of vintage Rolls-Royce cars,...
Turners Auctions Dunedin branch manager Andrew Spiers with a row of vintage Rolls-Royce cars, part of a collection of vehicles, motorcycles and boats forfeited by convicted fraudster Michael Swann. They will be auctioned early next year. Photo by Craig Baxter.
The gleaming evidence of convicted fraudster Michael Swann's Rolls-Royce lifestyle sits in rows in a Dunedin warehouse.

Twenty-four cars, motorcycles, boats, and trailers hoarded - and later forfeited - by the information technology manager who defrauded the Otago District Health Board are being stored at Turners Auctions before an auction early next year.

They include three Rolls-Royce Phantoms Swann bought for $470,000, a 1911 Cadillac, a 1928 Buick convertible, a 1969 Mercedes Benz, an E-type Jaguar, a 1924 BSA motorcycle, a pleasure cruiser and three inflatable boats.

Swann was sentenced to nine years and six months' imprisonment in 2009, after he and associate Kerry Hartford amassed nearly $17 million from frauds against the ODHB between 2000 and 2006.

In September, the High Court ordered Swann to forfeit $3.5 million of assets - including more than 30 vehicles, trailers and boats - to the Crown, and awarded the Crown a pecuniary penalty order of $6 million.

Turners Auctions and the Insolvency and Trustee Service could not release an collection inventory yesterday, but said a list would be available before the auction, to be held early next year.

Turners' branch manager, Andrew Spiers, would not value the collection before each vehicle was checked and their backgrounds - at least, their pre-Swann history - was researched and confirmed.

"You don't have to be an expert to expect the likes of the Phantoms to get quite a bit of interest.

"There's a bit of work to do yet, but I can say there's some pretty expensive stuff," he said.

Insolvency and Trustee Service criminal proceeds management unit manager Guy Sayers said the collection represented all the vehicles available to be auctioned at this stage of the forfeiture process.

The collection had not been valued since the forfeiture order, but its ultimate value would be determined by the market.

An auction date had yet to be decided, Mr Sayers said.

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