
Ross sentence 'too lenient'
The man behind NZ's largest Ponzi scheme has been sentenced to 10 years and 10 months in jail - a punishment deemed too lenient by one of his victims.
The man behind NZ's largest Ponzi scheme has been sentenced to 10 years and 10 months in jail - a punishment deemed too lenient by one of his victims.
Jailed Bridgecorp director Rob Roest still regards himself as innocent, three judges said today as they tossed out his appeal.
A director of failed firm Rockforte Finance has been sentenced to four years in jail while another got 11 months' home detention and 200 hours' community work
A month ago Simon Everett was driving a Lexus. Now, since family company Blacktop Construction went into receivership, he's having to ask for handouts to survive.
An Auckland property developer defending fraud allegations told a journalist in 2009 that he'd misled a trustee company caught up in an alleged $50 million loan scam, a court has heard.
Malcolm Mayer told a journalist in 2009 that he'd misled a trustee company caught in an alleged $50 million loan scam, a court heard today.
The Serious Fraud Office has executed search warrants in its probe of people linked to Auckland Transport.
A trustee company caught in an alleged loan scam advanced $21 million to a property developer or his associates after concerns with a set of borrowers were discussed by staff, a court heard yesterday.
A bankrupt property developer allegedly used fronts and false information to borrow more than he otherwise could have as part of a $50 million loan scheme, a court has heard.
A bankrupt property developer allegedly used fronts and gave false information as part of a $50 million loan scheme, a court has heard.
The second trial of a bankrupt Auckland property developer facing fraud charges over an alleged $50 million loan scam is due to begin this week after the first was aborted.
The last of the Rockforte trio facing fraud charges has pleaded guilty, wrapping up another failed finance company case.
Former Rockforte Finance director John Patrick Gardner has plead guilty to five Crimes Act charges in the High Court at Gisborne today.
"The plan is hatched and sounds sensible,'' New Zealand's Darrell Read told Tokyo trader Tom Hayes - an alleged co-conspirator in the Libor rates rigging scandal
A Christchurch financial adviser whose clients lost $6 million in Ross Asset Management's collapse has been censured and fined $4000.
A corruption inquiry at Auckland Transport has widened as a manager under suspicion has gone on sick leave.
The incoming boss of the Serious Fraud Office has a "strong pedigree in criminal prosecutions" and is a great fit for the job, says her counterpart at the FMA.
The new boss for the Serious Fraud Office has been named as Australian Julie Read.
Auckland Transport has sacked a senior manager amid an investigation into allegations of corruption over roading contracts.
An Auckland financial adviser accused of stealing $3 million of investors' money has been charged today.
Peter Scutts, the former chief executive of New Zealand Wine Co, is facing charges over $64,000 in alleged kick-back payments.
David Ross had the outward appearance of a successful businessman - he lived in a $2.2 million home, owned expensive paintings, drove a Mercedes, and told clients he holidayed around the world.
An Auckland businesswoman alleged to be at the centre of a $9.2 million mortgage ramping scheme involving her siblings and friends has pleaded not guilty to 26 charges.
Wellington financial adviser David Ross pleads guilty to charges relating to running a Ponzi scheme.