The ASB bank investment adviser who stole $17.8m charged his parents interest on a loan to move into a retirement home - then asked for the money back when his fraud was discovered.

Investors owed millions of dollars by a NZ man want to know why he appears to have gone unpunished, despite being charged with fraud in the US.

A victim of Stephen Versalko's $17.8 million fraud has spoken of the day she was told he had been "naughty" and had defrauded her and 25 other investors out of millions of dollars.

If it wasn't for Bernie Madoff, Stephen Versalko could still be stealing millions.

The scale of the fraud makes Stephen Versalko's case the largest single employment theft in New Zealand history.

Former Government minister Roger McClay has been charged with defrauding the taxpayer of nearly $13,000 and almost $13,000 from charities he worked for.

At least $15 million is now believed to be missing from an Auckland financial advisory firm, according to investigators probing the collapse of the company.

A man who stole the identities of dead infants to commit benefit fraud gave himself up after 16 years on the run.

Mortgage broker Mike Pero feels "violated" by a deaf woman who stole over $130,000 from the Christchurch deaf community by using his name.

A former NZ businessman who bought the Princess Ashika ferry for Tonga has been arrested on charges of forgery.

Government says it is considering is the merging of different regulatory functions of the stock exchange, Companies Office and the Securities Commission.

Australian grandmother Ann Marcia Casey's life as a fugitive today came to an end in a US court room.

A former ASB investment adviser who stole nearly $18 million is likely to repay just $3m to $5m to the bank.

Details of how a former investment banker stole nearly $18 million in NZ's largest employee theft will stay secret until the man is sentenced next month.

Frauds totalling $98m were brought before the courts last year, a report released today reveals.