BDBDBanking and financeLombard sentences undermined by law change, lawyer saysSweeping changes to securities law have undermined the custodial sentences handed out to former directors of Lombard, the Supreme Court has heard.11 Feb 01:26 AM
New Zealand$18m fraudster 'deeply ashamed'The banker who stole $18 million from clients is "deeply remorseful and ashamed" about his offending, according to the Parole Board report which confirms his release.05 Feb 04:11 AM
BusinessFMA to drop action against fraudsterThe country's market regulator wants to withdraw a disciplinary complaint against fraudster David Ross.03 Feb 04:30 PM
Business'Incompetent' forex trader jailedA victim of an "incompetent" foreign exchange trader whose scheme inflicted losses of about $1.5m says his quality of life took a hit when his "significant" portfolio vanished.30 Jan 04:55 AM
BusinessNew Aussie SFO boss charts futureAustralian lawyer Julie Read has taken the helm of the Serious Fraud Office at a time when its future has yet to be charted.02 Jan 04:30 PM
New ZealandCancer trust avoids prosecutionA controversial cancer charity will not face prosecution after it voluntarily de-registered as a charity during a probe into its spending.23 Dec 12:22 AM
New ZealandDelivery diversions allegedThousands of dollars worth of roading materials destined for a ratepayer-funded project were delivered to home renovations of a senior council manager, a whistleblower claims.21 Dec 09:32 PM
BusinessProperty developer guilty of fraudA bankrupt property developer who used fronts and false information to borrow money as part of a $50 million loan scheme has been found guilty this morning.19 Dec 08:32 PM
BusinessSFO drops fraud chargesAgency failed to consider key evidence in $1.7 billion South Canterbury Finance investigation.03 Dec 04:30 PM
Banking and financeFinance asset freeze first for policePolice asset freezing action against two jailed Capital + Merchant directors is unprecedented.25 Nov 08:15 PM
Banking and financePolice look to seize directors' assetsA High Court judge has made restraining orders over property linked to two jailed Capital + Merchant Finance directors, with the police looking to eventually seize the assets.24 Nov 11:10 PM
BusinessRecord term for Ponzi swindlerPonzi-scheme operator David Ross, who committed one of NZ's biggest financial swindles, has been handed more jail time than anyone else to face a Serious Fraud Office prosecution.15 Nov 04:30 PM
Banking and financeRoss sentence 'too lenient'The man behind NZ's largest Ponzi scheme has been sentenced to 10 years and 10 months in jail - a punishment deemed too lenient by one of his victims.15 Nov 05:32 AM
BusinessJudges throw out Roest's appealJailed Bridgecorp director Rob Roest still regards himself as innocent, three judges said today as they tossed out his appeal.08 Nov 01:53 AM
BusinessRockforte Finance director gets jail timeA director of failed firm Rockforte Finance has been sentenced to four years in jail while another got 11 months' home detention and 200 hours' community work23 Oct 11:30 PM
New ZealandHigh-flyer calls on WINZA month ago Simon Everett was driving a Lexus. Now, since family company Blacktop Construction went into receivership, he's having to ask for handouts to survive.19 Oct 05:00 PM
BusinessDeveloper admitted misleading firm, court toldAn Auckland property developer defending fraud allegations told a journalist in 2009 that he'd misled a trustee company caught up in an alleged $50 million loan scam, a court has heard.15 Oct 04:30 PM
BusinessMayer admitted he misled loan companyMalcolm Mayer told a journalist in 2009 that he'd misled a trustee company caught in an alleged $50 million loan scam, a court heard today.15 Oct 03:35 AM
New ZealandSFO investigates property developmentThe Serious Fraud Office is investigating a North Shore residential property development deal after angry investors cried out that places were never built.14 Oct 04:26 AM
New ZealandSecond transport manager resignsA second senior manager has left Auckland Transport weeks after his hard drive was seized as a major corruption inquiry continues.12 Oct 09:47 PM
Freight and logisticsWarrants executed in transport probeThe Serious Fraud Office has executed search warrants in its probe of people linked to Auckland Transport.10 Oct 09:15 PM
BusinessCourt told of doubts before loanA trustee company caught in an alleged loan scam advanced $21 million to a property developer or his associates after concerns with a set of borrowers were discussed by staff, a court heard yesterday.10 Oct 04:30 PM
Banking and finance$50m property loan scheme in courtA bankrupt property developer allegedly used fronts and false information to borrow more than he otherwise could have as part of a $50 million loan scheme, a court has heard.08 Oct 04:30 PM
Business$50m fraud case in courtA bankrupt property developer allegedly used fronts and gave false information as part of a $50 million loan scheme, a court has heard.08 Oct 04:03 AM
BusinessProperty developer back in courtThe second trial of a bankrupt Auckland property developer facing fraud charges over an alleged $50 million loan scam is due to begin this week after the first was aborted.06 Oct 04:30 PM
BusinessRockforte Finance director pleads guiltyThe last of the Rockforte trio facing fraud charges has pleaded guilty, wrapping up another failed finance company case.03 Oct 03:25 AM
CrimeSecond Gisborne finance director pleads guiltyFormer Rockforte Finance director John Patrick Gardner has plead guilty to five Crimes Act charges in the High Court at Gisborne today.01 Oct 12:00 AM
Banking and financeKiwi Libor scandal - a plan is hatched"The plan is hatched and sounds sensible,'' New Zealand's Darrell Read told Tokyo trader Tom Hayes - an alleged co-conspirator in the Libor rates rigging scandal30 Sep 09:50 PM
Banking and financeClients lost millions: $4000 fineA Christchurch financial adviser whose clients lost $6 million in Ross Asset Management's collapse has been censured and fined $4000.27 Sep 12:40 AM
