A foreign exchange trader is alleged to have stolen more than $837,000 from investors - including family and friends.
Rene Alan Chalmers, a 42-year-old teacher from Pukekohe, appeared at the Auckland District Court today to face 15 charges including theft by a person in a special relationship and making false statements to investors.
The charges relate to him trading in foreign money and allegedly misleading investors.
The Serious Fraud Office (SFO) also alleges Chalmers misled banks when applying for mortgages for three Bay of Plenty properties.
One of the properties, an apartment in Mt Maunganui, is listed as having views of Tauranga and a CV of more than $500,000. A second apartment bought by Chalmers in the same building has a CV of $338,000.