Ann and Terence Butler, who are accused of misleading investors, are trying to sell their home. Photo / Amos Chapple
The trial of former Dominion Finance Group directors is not due to begin until next year - more than four years after the company went into receivership owing almost 6000 investors $177 million.
Former directors Vance Arkinstall, Richard Bettle, Terence Butler, Ann Butler, Paul Forsyth and Robert Barry Whale are
accused of misleading investors in Dominion Finance Group and North South Finance offer documents and advertisements.
The Financial Markets Authority, which is bringing the case, also alleges that a Dominion Finance Group newsletter sent to the company's investors and those of North South Finance in 2008 contained untrue statements.
The six accused face Securities Act charges with a maximum penalty of five years' jail or fines of up to $300,000 plus $10,000 for every day the offending went on.
Lawyers for the prosecution and defence held a telephone conference yesterday to confirm dates for the trial, which is set down for June 2013 in the High Court at Auckland.
