Govt seizes control of Hubbard affairs
The Govt yesterday moved swiftly to seize control of millionaire South Island financier Allan Hubbard's affairs.
The Govt yesterday moved swiftly to seize control of millionaire South Island financier Allan Hubbard's affairs.
Several entities run by veteran Timaru financier Allan Hubbard have been placed in statutory management over irregularities involving investments worth $134 million.
Blue Chip co-founder Bob Bangerter considers the finance company's "saga" over and is now working as a property consultant under the name Bob James.
The SFO has accused Bridgecorp director Rod Petricevic of making fraudulent payments totalling more than $1 million to a "sham" business run by a personal acquaintance.
Failed business dealings and pending court charges may not preclude a foreign purchase of NZ dairy farms.
The wife of the $18 million ASB fraudster has spoken of her pain as other family lash out at the big-spending criminal.
Firms were given a break when investors allowed them to delay payments. So how are they faring now, asks Tamsyn Parker.
The ASB bank investment adviser who stole $17.8m charged his parents interest on a loan to move into a retirement home - then asked for the money back when his fraud was discovered.