Fury over $550m scam
Investors owed millions of dollars by a NZ man want to know why he appears to have gone unpunished, despite being charged with fraud in the US.
Investors owed millions of dollars by a NZ man want to know why he appears to have gone unpunished, despite being charged with fraud in the US.
The Serious Fraud Office expects to know by the end of March what further action it will take on finance companies under investigation.
If it wasn't for Bernie Madoff, Stephen Versalko could still be stealing millions.
A victim of Stephen Versalko's $17.8 million fraud has spoken of the day she was told he had been "naughty" and had defrauded her and 25 other investors out of millions of dollars.
The scale of the fraud makes Stephen Versalko's case the largest single employment theft in New Zealand history.
At least $15 million is now believed to be missing from an Auckland financial advisory firm, according to investigators probing the collapse of the company.
Blue Chip boss Mark Bryers has revealed his need for psychological help to deal with the collapse of his business empire.
Blue Chip investors are vowing an angry mob will turn up to court for the sentencing of property company co-founder Mark Bryers.
A former ASB investment adviser who stole nearly $18 million is likely to repay just $3m to $5m to the bank.
Details of how a former investment banker stole nearly $18 million in NZ's largest employee theft will stay secret until the man is sentenced next month.
The Herald can reveal that the largest employee theft in NZ history - of nearly $18m - was discovered by a fluke.
A former ASB Bank investment banker has pleaded guilty to fraud charges involving nearly $18 million.
A former Remuera investment banker who allegedly stole nearly $18 million from ASB Bank customers is enjoying what could be his last few days of freedom.
An ASB Bank investment banker has indicated that he will plead guilty to fraud charges involving nearly $18 million.
The new head of the SFO has set a deadline of March 31 to decide if charges will be laid against people over their finance company activities.
The Serious Fraud Office expects to make a decision within weeks over bringing charges against the directors of Bridgecorp.
The trustee of six investment trusts set up by Money Managers says it has called in the Serious Fraud Office.
The SFO alleges that as a senior investment adviser, Stephen Versalko defrauded nearly 30 wealthy ASB clients over $17m over nine years.