Blackfort FX (Arena Capital)
A case reaches prosecution stage when charges are laid. There may be a number of hearings during this stage and name suppression may stay in place. The SFO will announce if guilty pleas are entered. If not, the case will go to trial.

Blackfort FX (Arena Capital) 2015-622

The foreign exchange platform BlackfortFX was used as a façade to lure more than 900 investors to put about $8.3 million in a Ponzi scheme. 

  • Jimmie McNicholl and Lance Ryan sentenced at Christchurch District Court on 3 July.

  • Jimmie McNicholl pleaded guilty to the obtaining registration of BlackfortFX as a financial services provider by deception at the Christchurch District Court on 10 May.

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