Ferrier said aggravating factors included the seriousness of the breach of trust, both in Love's fiduciary duty as a trustee of the Tenths Trust and the trust placed in him by his fellow trustees, the premeditated nature of the offending and the attempts to cover it up, the scale of the secret payment and the financial and non-financial impact of the offending on the Tenths Trust, a Maori incorporation..
The guilty verdict followed an investigation into a $1.5m payment from a land developer into a trust controlled by Love's partner, Lorraine Skiffington, which was then used to repay a property loan on a Plimmerton house he and Skiffington co-owned. It was the first instalment of what was intended to be a $3m payment.
Carruthers said today that Love's conviction was a "punishment in itself" and was a "shameful result for somebody of his standing." The defence lawyer argued that due to Love's medical conditions, which include a heart condition and dementia, a two-year sentence and home detention would be appropriate. Love's doctor had expressed concern about the medical care available in prison, he said.
"The courts are able to take into account the fact that sentencing may be harder on some prisoners because of their medical conditions," he said. A four-year starting point could be justifiably reduced, due to Love's "outstanding service" and medical condition, to two years, which would make a home detention sentence available, Carruthers said.
Love had been misled by Skiffington and Shaan Stevens, a consultant who worked alongside Skiffington and Love, Carruthers said. While that wasn't an excuse for the offending, it had an impact on Love's personal culpability, he said. Skiffington was also charged but has been granted a permanent stay due to her ill health.
"It's really inescapable that there was on Dr Love's part a misjudgement in the way that there was reliance on Mr Stevens and Ms Skiffington," Carruthers said. "It's very plain that she took advantage of him and he has made a misjudgement about her character."
Love's stake in the Plimmerton Rd house was the subject of discussion. Love is no longer a trustee of the trust which holds a half-stake in the property, which has between $600,000 and $800,000 of equity. The house is subject to parallel proceedings under the Criminal Proceeds Recovery Act.
Justice Lang said Love didn't own the property and he could not compel the trust which holds the other half to sell, so he didn't see how he could make an order for reparation. Ferrier said Love still had a beneficial interest and the judge could make an order for half of the value of the property, as it was not unusual for the courts to "look through" the trust structure.
Love doesn't have any other ability to make reparations, the judge said.