The way Frank DiPascali tells it, Bernard Madoff planted the seeds of deception for his $17 billion Ponzi scheme back in the 1970s.

Ross consistently showed good returns over two decades, even through the global financial crisis. It's incredible that with nearly half a billion of non-existent funds under his control, no one suspected a thing.

Police asset freezing action against two jailed Capital + Merchant directors is unprecedented.

A High Court judge has made restraining orders over property linked to two jailed Capital + Merchant Finance directors, with the police looking to eventually seize the assets.

A financial adviser who spent some of the $4.7million he stole from investors on flash cars and a lavish lifestyle was not entirely motivated by personal gain, his lawyer has told the Court of Appeal.

Australian-based agribusiness Elders has fallen to an annual loss of A$505 million ($568 million), but says big costs from its restructuring are behind it.

Ponzi-scheme operator David Ross, who committed one of NZ's biggest financial swindles, has been handed more jail time than anyone else to face a Serious Fraud Office prosecution.

A retired policeman and a chartered accountant are among 55 New Zealanders fleeced for $1.7 million by a Malaysia-based scam.

New powers allowing welfare officials to secretly approach beneficiaries' banks or workplaces if they suspected them of committing fraud are being questioned.

Business owners are being warned to watch out for overseas money laundering scams, which are targeting New Zealand's small businesses.

A director of failed firm Rockforte Finance has been sentenced to four years in jail while another got 11 months' home detention and 200 hours' community work

An accountant has been struck off for scamming Inland Revenue out of $280,000 by doctoring his employer's tax returns to gain false donation rebates.

Lawyers for a Kiwi who embezzled millions of Australian taxpayer dollars have argued he shouldn't have been jailed for 14 years.

An Auckland property developer defending fraud allegations told a journalist in 2009 that he'd misled a trustee company caught up in an alleged $50 million loan scam, a court has heard.

A Labour Party candidate in the first Super City elections denies he committed electoral fraud.

The former boss at a Canterbury clothing maker that kitted out some of our sporting heroes has today pleaded guilty to a multi-million dollar "top end" fraud.

The fraud trial of the former boss at Canterbury clothing manufacturer Lane Walker Rudkin's is due to begin in Christchurch today.

A second senior manager has left Auckland Transport weeks after his hard drive was seized as a major corruption inquiry continues.

A trusted staff member charged with committing a long-running fraud against a freight company says the alleged stolen sum is a grossly over-inflated figure.

The Serious Fraud Office has executed search warrants in its probe of people linked to Auckland Transport.

A bankrupt property developer allegedly used fronts and false information to borrow more than he otherwise could have as part of a $50 million loan scheme, a court has heard.

A bankrupt property developer allegedly used fronts and gave false information as part of a $50 million loan scheme, a court has heard.