A young high-flier at the centre of an alleged multi-million dollar bank mortgage fraud sold his house and is believed to have fled to Australia.

No one from the UK arm of Bernard Madoff's fraudulent investment business will face prosecution, the Serious Fraud Office has decided.

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 Serious Fraud Office expects to make a decision within weeks over bringing charges against the directors of Bridgecorp.

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 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.

The nation's largest early childcare provider is being investigated for the way it claims more than $30 million of taxpayer money.

Members of the Tribesmen gang have been targeted in the first ever bust by the Organised and Financial Crime Agency today.

Mark Bryers, the man behind the Blue Chip collapse, is likely to be stripped of his assets.

Mark Bryers maintains his only assets are his clothes and furniture and a set of golf clubs.

The receiver of clothing manufacturer Lane Walker Rudkin Industries has referred a matter to the Serious Fraud Office.

A mortgage broker is one of three men allegedly involved in a massive mortgage and property price scam.