The final defendant in the OPI Pacific Finance trial has admitted misleading investors and today was sentenced to community work.
David Anderson is the fourth OPI director to plead guilty in the last month, shortly before the case was due to go to trial in the High Court at Auckland.
Anderson, who admitted two charges for make untrue statements in offer documents, was today sentenced to 300 hours' community work and ordered to pay AUD$100,000 to OPI's receivers.
It is a similar sentence to those received by his fellow former board members at the failed company, Mark Lacy, Jason Maywald and Craig White.
The swift end to the Financial Markets Authority case comes almost two years after charges were laid against the men, who will now be banned from managing a company in New Zealand for the next five years.