The hearing last month heard how Rangiora-based Kerr, 29, had a gambling habit that involved him losing around $1 million with an Australian betting agency.
The tribunal concluded that Kerr was involved in a series of fraudulent activities, including selling a horse that didn't exist, charging for insurance policies that were never taken out, and that he oversold shares in horses that he had no right to sell.
He was also accused of forging signatures and disguising his fraud with multiple acts of dishonesty.
Black Cap Matt Henry and All Black Anton Lienert-Brown and a number of businessmen were among those allegedly cheated out of money.
Kerr, who has been approached for comment, did not attend the hearing at Addington Raceway.
