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.

The second trial of a bankrupt Auckland property developer facing fraud charges over an alleged $50 million loan scam is due to begin this week after the first was aborted.

Former Rockforte Finance director John Patrick Gardner has plead guilty to five Crimes Act charges in the High Court at Gisborne today.

"The plan is hatched and sounds sensible,'' New Zealand's Darrell Read told Tokyo trader Tom Hayes - an alleged co-conspirator in the Libor rates rigging scandal

A woman who stole more than $450,000 from a prominent Auckland couple has been sent to prison for three years and four months.

A New Zealand man is accused of being part of an international scam where brokers promised colleagues kickbacks of champagne, curries and a Ferrari in exchange for trying to influence bank rates.

A serial fraudster who worked as a prostitute while on home detention has today been jailed for two years, six months.

A New Zealander working for a major world banking company has been charged by US prosecutors in New York for allegedly taking part in the massive LIBOR rates rigging scandal.

Queensland's corruption watchdog has admitted it failed to act fast enough on an anonymous complaint about the Kiwi fake prince who ripped off Queensland Health.

The New Zealand company which pioneered cutting-edge television graphics for the America's Cup was shut down after an executive stole almost $600,000 from its accounts.

A teacher convicted of defrauding her school's rowing club of more than $40,000 has been allowed to keep her professional registration.

NZ passports have been found in the hands of a dangerous master forger who allegedly supplied fake documents to terrorists, drug smugglers and human traffickers around the world.

Failed finance company Bridgecorp was on the path to insolvency when it issued the prospectus in 2006, the Court of Appeal heard today.

The new boss for the Serious Fraud Office has been named as Australian Julie Read.

Former Bridgecorp CFO Rob Roest suggested the losses to investors were not as severe or widespread, when he appeared before the Court of Appeal today.

A scam email to PayPal members warns of invalid account login attempts.

Auckland Transport has sacked a senior manager amid an investigation into allegations of corruption over roading contracts.