
UK ponzi scheme took in £14m savings from 350 victims
To his clients, Terry Freeman had all the trappings of a multimillionaire City of London trader.
To his clients, Terry Freeman had all the trappings of a multimillionaire City of London trader.
The wife of Hanover Finance boss Mark Hotchin, Amanda, says she has been wrongly portrayed in the media.
Hanover Finance shareholders Mark Hotchin and Eric Watson were the major business notables to fall from grace.
The Serious Fraud Office has opened a probe into the dealings of failed minor lender Mutual Finance Ltd.
Mark Hotchin had already arranged for a removal company to pick up household items before a court order froze his NZ assets.
Burned Hanover Finance investor George Craddock will be working on Christmas Day - a decision the 58-year-old says he has no control over.
The finance company sector has a "legacy of problem loans" that are proving difficult to dispose of or recover despite improvements in profitability, margins and volume growth this year.
Hanover Finance founder Mark Hotchin has had his bid to transport a Mercedes and a Porsche to Australia rejected, in the High Court at Auckland today. He withdrew his application for more than $1000 a week in allowance.
Mark Hotchin is living a life few Kiwis could dream of, despite a court order freezing his NZ assets.
Interests closely associated with Mark Hotchin still control an opulent $9.8m Waiheke Island beachhead.
The swirl of official investigations surrounding failed finance company Rockforte is growing, with the Serious Fraud Office confirming a probe that will almost certainly shed light on the failure of the Jean Jones clothing chain.
The Serious Fraud Office has laid charges against two directors of collapsed finance company Capital + Merchant.
All the moaning about the Securities Commission being a bunch of useless layabouts has finally paid off with the release of this truly depressing communiqué.