No one from the UK arm of Bernard Madoff's fraudulent investment business will face prosecution, the Serious Fraud Office has decided.

The Herald can reveal that the largest employee theft in NZ history - of nearly $18m - was discovered by a fluke.

A former ASB Bank investment banker has pleaded guilty to fraud charges involving nearly $18 million.

A former Remuera investment banker who allegedly stole nearly $18 million from ASB Bank customers is enjoying what could be his last few days of freedom.

An ASB Bank investment banker has indicated that he will plead guilty to fraud charges involving nearly $18 million.

The new head of the SFO has set a deadline of March 31 to decide if charges will be laid against people over their finance company activities.

The Serious Fraud Office expects to make a decision within weeks over bringing charges against the directors of Bridgecorp.

Police are warning people not to give their PIN numbers to anyone over the phone after bank card scammers strike in Wellington.

Police are investigating a complaint by two people that they were duped into believing they had been recruited by the SIS.

Court reporter Andrew Koubaridis continues his week-long look at some of last year's most high-profile trials.

A Kiwi conman posing as an international banker is called an 'economic danger to the community' as he's jailed for multi-million dollar fraud.

A man who lived in a state house while he rented out two properties of his own has been sentenced for defrauding the taxpayer.

A former sports star embezzled $450,000 then gambled it away.

The SFO alleges that as a senior investment adviser, Stephen Versalko defrauded nearly 30 wealthy ASB clients over $17m over nine years.