A director of Belgrave Finance pleaded guilty today in the Auckland District Court to multiple charges related to the company's collapse.
Shane Joseph Buckley pleaded guilty to 19 charges of theft by a person in a special relationship, and four charges of false statement by promoter following a Serious Fraud Office (SFO) investigation into Belgrave's collapse.
The charges carry a maximum penalty of seven and 10 years, respectively.
SFO Chief Executive Adam Feeley said the outcome was a good step towards concluding the investigations.
"We have now secured convictions in respect of four of the nine finance companies we have investigated and charged. Other trials are currently under way or are imminent. Those responsible for serious crimes are progressively being held to account.''