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The broker, the fraud and the $500k in gold bullion

Sam Hurley
By
NZ Herald Print Editor·NZ Herald·
11 mins to read

When the facade was pulled away, the 'illusion' of a successful Queen St investment firm was revealed to be a director's 'dishonest, repetitive and premeditated' forgery scheme costing clients millions. Sam Hurley reports.

An Auckland foreign exchange broker forged 80 documents over two years as he desperately tried to keep his deteriorating company afloat.

It left his clients out of pocket for millions of dollars. But the true scale of the fraud may never be known, liquidators say and court documents show.

Russell Maher was this month sentenced to three years and four months' imprisonment.

The 53-year-old had been charged and later pleaded guilty in July last year

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