Kelvin Clive Wood

Kelvin Clive Wood
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.

Kelvin Clive Wood 160359

The SFO alleges the defendant operated a Ponzi scheme - using new investors’ funds to pay other investors their reported gains, or to refund their principal investment. It alleges 18 investors lost at least $7 million as a result of the defendant’s offending.

  • Defendant has been remanded on bail for a case review hearing at the Auckland District Court on 20 March.

  • Defendant pleaded not guilty at the Auckland District Court on 6 December.

  • Defendant enters no plea at the Auckland District Court to representative charges of ‘Obtaining by deception’ and ‘Theft by person in a special relationship’ on 23 October. He is remanded on bail until his next Court appearance.