Jetsetting businessman Eric Watson, the co-founder of failed Hanover Finance, is in the sights of the Securities Commission and a lawyer representing desperate investors after the assets of co-founder Mark Hotchin were frozen this week.
Be true to yourself, and keep your inner Madoff where he belongs.
Two men were back in court today facing more 300 charges relating to defrauding the former North Shore City Council of more than $800,000.
An Auckland couple charged with a $15 million fraud have been bailed to a Coromandel getaway.
The SFO has laid a raft of charges against Auckland couple Mike and Jackie Bradley accused of fleecing more than 80 investors of nearly $15m.
The Serious Fraud Office is poised to swoop on the backer of a ponzi scheme involving "tens of millions" of dollars tomorrow, SFO boss Adam Feeley told a Parliament select committee today.
Add Christmas and the associated financial pressures into the mix, and I suspect this unfortunate trend of employee theft and fraud may continue into 2011.
Nearly a quarter of a million New Zealanders use at least one false name, and more than half of those have not paid their bills.
The directors of failed company Hanover Finance are to face questions as part of a Serious Fraud Office probe, the office confirmed yesterday.
A Green Acres franchisee who ripped off hundreds of new immigrants by up to $25k each has been jailed for more than three years.
The SFO has been investigating Hanover Finance for the past three months and says it has reasonable grounds to suspect fraud.