Bridgecorp investors close to receiving first payout
Beleaguered Bridgecorp investors could soon get their first distribution from the failed property lender's receivers, nearly four years after the company collapsed.
Beleaguered Bridgecorp investors could soon get their first distribution from the failed property lender's receivers, nearly four years after the company collapsed.
A master-mind behind the Ponzi scam that ripped off Mark Hotchin was also the victim of internet scams.
Former finance company owner Mark Hotchin says he was personally "misled" by a group of con-artists.
The first big decision of the new Financial Markets Authority is whether to lay criminal charges against any of Hanover Finance's directors.
Labour has called the Govt's revised $1.2b South Canterbury Finance bill a "disaster of epic proportions", saying Finance Minister Bill English "grossly mishandled" the situation and should resign as a result.
Prime Minister John Key was called a liar when he fronted a meeting in Timaru last night packed with vocal Allan Hubbard supporters. The PM was forced to defend the Govt's handling of South Canterbury Finance to a bositrous 500-strong crowd
The value of large frauds brought before the courts rose to $100 million in the second half of last year.
John Hepburn raises valid points on the Hotchin debacle and media coverage of it.
Simon Power's decision to put Allan Hubbard in a commercial straitjacket leaves the Government "tailend Charlie" for the $2 million plus the Timaru financier's legal boys have chalked up.