Investors who lost their life savings in schemes promoted by Blue Chip boss Mark Bryers are trying to put an end to his luxury lifestyle in Australia.

An organisation representing about 1500 Blue Chip investors has written to Justice Minister Simon Power asking for the Sydney-based businessman to be bailed to a New Zealand address when he reappears at Auckland District Court later this month.

The letter, from Suzanne Edmonds, a spokeswoman for the incorporated society EUFA (Exposing Unacceptable Financial Activities) said most of its members' lives had been "shattered" by their dealings with Blue Chip".

"There is added suffering when they witness Mr Bryers living a life of luxury in Australia, notwithstanding that he continues in business in Australia, and for victims this is intolerable," wrote Edmonds.

Bryers is due to appear in court to face charges relating to his company Swordfish Lodge Management Limited. The business, which is in liquidation, managed the Gulf Harbour Country Lodge on Whangaparaoa Peninsula.

Its management has been taken over by Blue Chip investors who have already lost more than $1 million.

Bryers is also expected to face more than 100 criminal charges laid against him for breaches of the Companies Act after a six-month investigation.

This week's bombshell that Bryers intends to relist Northern Crest Investments Limited, formerly Blue Chip Financial Solutions Limited, on the Australian Stock Exchange, after an order for suspension of trading order is lifted, has added more insult to injury.

Bryers spent a night at Auckland's five-star SkyCity Grand Hotel when he was back last week for a court appearance that was eventually adjourned.

He is believed to have flown back to Sydney, where he lives in the luxurious Quay West Suites overlooking Sydney Harbour in the Rocks district.

From there he can walk to his office on the 34th floor of the AMP Tower near Sydney's Circular Quay.

If Bryers, who is not deemed a flight risk, was bailed to New Zealand he has at least two housing options.

He is still listed as sole proprietor of a mansion in Macmurray Rd, Remuera, where his estranged wife, Shirley, and their children live.

Bryers also has an Auckland-based brother.

He has attended every court appearance but investors want him to suspend conducting business on both sides of the Tasman until the end of the court case.

"As you are aware victims are facing ruin and the mental torture they suffer when they learn Mr Bryers is still conducting business in Australia is actually debilitating and causing serious illness." Through a spokesman, Power said bail was a matter for police and the courts and it would be inappropriate for him to comment on an individual case.