A man who fronted a company that cheated investors out of nearly $900,000 in an online sports betting scheme has been sentenced in the Hamilton District Court.

Brian Joseph Scandlyn, 29, unemployed, had earlier pleaded guilty to two charges of engaging in a money-laundering transaction knowing that part of the $883,533.40 he had obtained was the proceeds of a serious offence.

He had also pleaded guilty to 11 charges of taking or using a document for pecuniary advantage.

His lawyer Len Caley said Scandlyn had been "reckless" in some of his transactions but had been duped by another man to front the company as he could not open a company in New Zealand.

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That man has since fled New Zealand.

The court heard how investors would deposit money with Mr Scandlyn and the cash would be withdrawn almost immediately.

Judge Clark sentenced Scandlyn to a year's home detention, 180 hours of community work and ordered $7,643.21 reparation be paid to local businesses affected by Scandlyn who wrote cheques from a closed bank account.