All posts tagged "Media Watch"

  • Mutual Finance offender gets sentence discount for document handover
    Mutual Finance offender gets sentence discount for document handover

    A "wilfully blind", thrice-bankrupted businessman was allegedly asked to destroy documents by the principal defendant in the collapse of two finance companies after the Financial Markets Authority. But his decision to instead draw the market watchdog's attention...

    • Posted March 16, 2017
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  • Stratford RSA facing liquidation
    Stratford RSA facing liquidation

    Members of Stratford's RSA are considering putting the south Taranaki association into liquidation. One former committee member describes the move as "coming out of the blue" - just one year out from the club's centenary. Kevin Holley...

    • Posted March 15, 2017
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  • Fraud investigation after Auckland cake decorator wins contract
    Fraud investigation after Auckland cake decorator wins contract to build Franz Josef’s new sewage plant

    A fraud investigation is under way after a South Auckland cake decorator was awarded a multi-million dollar contract to build a sewage plant in Franz Josef after flooding last year wiped out its sewage ponds. Fairfax has...

    • Posted March 15, 2017
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  • Mr Green franchise seller Dean Richard Smith declared bankrupt
    Mr Green franchise seller Dean Richard Smith declared bankrupt

    A Wellington man accused of taking money from franchise buyers - and failing to hold up his end of the bargain - has been made bankrupt. Dean Richard Smith, who appears to have links to convicted fraudster...

    • Posted March 8, 2017
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  • Former bank manager declared bankrupt, following two-year jail stint for fraud
    Former bank manager declared bankrupt, following two-year jail stint for fraud

    Convicted fraudster Helen Marie Kemp is back in court, months after being released from jail. The former bank manager was sentenced to two years and one month in jail in September 2014, for stealing money from elderly...

    • Posted March 7, 2017
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  • Former Duke Carvell's owner Michael Taylor Cole declared bankrupt
    Former Duke Carvell’s owner Michael Taylor Cole declared bankrupt

    The owner of Duke Carvell's has been made bankrupt - almost a year to the day since he closed the doors on the once popular Wellington restaurant. Michael Taylor Cole was declared bankrupt in the Wellington High...

    • Posted March 7, 2017
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  • Liquidators trying to bankrupt Napier developer Malcolm Herbert
    Liquidators trying to bankrupt Napier developer Malcolm Herbert

    Liquidators are attempting to bankrupt Napier developer Malcolm Herbert after he failed to make payments under an agreed settlement involving his failed company Herbert Construction. Rhys Cain and Rees Logan of Ernst & Young obtained a default...

    • Posted February 28, 2017
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  • More money recovered from alleged Ponzi scheme
    More money recovered from alleged Ponzi scheme

    Liquidators have recovered a further $35,000 from clients who go more money out than they put into an alleged Ponzi scheme. A Christchurch forex firm, which traded as BlackfortFX, has been in receivership since May 2015 after...

    • Posted February 24, 2017
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  • SFO raid on Westland District Council staffer
    SFO raid on Westland District Council staffer

    A Westland District Council staff member is at the centre of a Serious Fraud Office investigation. The office confirmed yesterday an investigation was under way concerning one employee but would not comment further. It follows the raid...

    • Posted February 22, 2017
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  • Troubled fashion labels Marcs, David Lawrence to close 13 stores
    Troubled fashion labels Marcs, David Lawrence to close 13 stores

    Administrators of troubled fashion retailers David Lawrence and Marcs will close 13 stores, leaving 20 workers without jobs. Geoff Reidy, director of Rodgers Reidy, says the decision was made after a review of the businesses, which were...

    • Posted February 16, 2017
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  • Fraud alleged in Auckland building project
    Fraud alleged in Auckland building project

    An Auckland property developer and three others have been charged by the Serious Fraud Office for allegedly using forged documents to get a $40 million line of credit from ANZ. The Serious Fraud Office (SFO) says it...

    • Posted February 16, 2017
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  • Couple facing bankruptcy given two weeks to come up with $90,000
    Couple facing bankruptcy given two weeks to come up with $90,000

    A West Coast couple have been given two weeks to pay back nearly $90,000 they owe to their local council. Christine and Doug Banks owe legal costs after losing court action against the Grey District Council that...

    • Posted February 9, 2017
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  • Union official's $55,000 fraud blamed on gambling
    Union official’s $55,000 fraud blamed on gambling

    Gambling was behind a 61-year-old Southland union official's $55,000 fraud which lasted eight years and had dozens of victims, a court has heard. Jamie David Clark, 61, was sentenced to eight months home detention in the Invercargill...

    • Posted February 9, 2017
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  • Benefit fraud v tax avoidance
    Benefit fraud v tax avoidance – why is one dealt with more harshly by courts?

    The Ministry of Social Development is one of the country's most aggressive prosecutors, behind only police and the Corrections Department. New figures provided to the Attorney-General have raised questions about whether the ministry is being too tough...

    • Posted February 9, 2017
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  • Wynyard Group placed into liquidation
    Wynyard Group placed into liquidation

    Creditors have placed failed crime-fighting software company Wynyard Group into liquidation, the company announced today. KordaMentha partners Grant Graham and Neale Jackson, who were running the voluntary administration, of Wynyard have been appointed liquidators of the company...

    • Posted February 9, 2017
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