Mitchell Kerr, a former harness-racing trainer from New Zealand, made headlines when he was convicted of fraud in June 2022 for selling a non-existent horse to a victim for NZ$40,000. This incident was just one side of Kerr’s fraudulent activities within the racing industry, ultimately leading to his banishment from the sport.
Trail of Deceit and Misconduct
Recent revelations shed light on the extent of Kerr’s financial misconduct, showcasing a pattern of deceit and illegal behaviour. Investigations have uncovered that Kerr not only engaged in fraudulent horse sales but also duped multiple owners with fabricated insurance policies and forged documents to manipulate ownership percentages of horses without their consent.
Bankruptcy and Gambling
Kerr’s fraudulent activities reached a climax when he filed for bankruptcy. This was due to his increasing debt which was over $270, 000. However, it was discovered that Kerr had been illegally gambling vast sums. He gambled more than $2 million, on horse and dog races shortly before declaring bankruptcy. His losses amounted to nearly $1 million, violating New Zealand’s Insolvency Act.
In addition to his illegal gambling activities, Kerr was found guilty of numerous violations of bankruptcy laws. He misrepresented his income, declaring only $40,000 annually while bank records revealed a significantly higher figure of $228,000. Furthermore, Kerr attempted to conceal his financial dealings. By falsely claiming to have opened only one bank account in the past five years, despite having opened six.
Continued Deception and Defiance
Despite facing the consequences of his actions, Kerr had no remorse and continued to deceive his victims. Even after the fraudulent sale of the non-existent horse, Kerr continued to invoice the victim for training, fees, and insurance, totalling $26,000. In court, Kerr attempted to portray himself as a changed individual. Wanting to move forward and contribute positively to his community.
Horse Trainer Sells Non Existant Horse – Lessons Learned
The case of Mitchell Kerr serves as a stark reminder of the consequences of financial misconduct and deception. Beyond the initial fraudulent sale, Kerr’s actions led to severe financial losses for multiple victims and violations of bankruptcy laws. As Kerr faces the repercussions of his actions, it once again proves the importance of accountability and integrity within the racing industry.
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