'I am not asking for forgiveness' - Bryers says he's sorry
Blue Chip co-founder Mark Bryers has apologised to investors, many of whom lost large sums when the group was put into liquidation.
Blue Chip co-founder Mark Bryers has apologised to investors, many of whom lost large sums when the group was put into liquidation.
No one got what they wanted yesterday - not Mark Bryers or 30-odd investors who spilled out of courtroom 11.
Mark Bryers pleaded guilty to 34 charges relating to book-keeping and record-keeping failures, as well as failing to attend a creditors' meeting.
Failed finance company Blue Chip boss Mark Bryers sentenced to 75 hours' community work and a fine of $37,490, plus court costs.
Failed Hanover Finance director Mark Hotchin's unfiinished mansion is big enough to contain 13 average houses just on its floor space.
Angry neighbours say Hanover Finance director Mark Hotchin's $30m mansion has wiped hundreds of thousands of dollars off their own property values.
Finance company GE is likely to appeal a court decision that its loans to two retired Blue Chip investors are "oppressive".
Financial advisory firm Vestar invested most of an elderly woman's life savings into seven failed finance companies and funds, court documents allege.