A Kiwi fraudster who tried to obtain credit cards by lying about having a $120,000 a year job for actor Russell Crowe has pleaded guilty.

Paul Bennett, 52, has pleaded guilty to four counts of obtaining money by deception, after making bogus credit card applications using the Crowe name.

He'd falsely claimed to be working a lucrative job for Crowe on a $120,000 annual salary during credit card applications in NSW in 2001, Sydney's District Court heard on Wednesday.

Bennett was arrested aboard a $140,000 yacht last February while it was moored near Cowan Creek on the Hawkesbury River, 50km north of Sydney.


He was found not guilty of stealing the 'Harlech' yacht last year, which he'd been accused of taking from Opua, north of Auckland, Sydney Morning Herald reported.

Bennett had made a partial admission, according to court documents, but later argued he made the alleged admission only to protect his wife who was also aboard the yacht.

Magistrate John Andrews found him not guilty of possessing stolen property at Central Local Court, and the charge was formally dismissed.