Kelvin Clive Wood
Kelvin Clive Wood 160359
Kelvin Clive Wood operated a Ponzi scheme - using new investors’ funds to pay other investors their reported gains, or to refund their principal investment. A total of 18 investors lost at least $7 million as a result of the defendant’s offending. To view our latest media release relating to this case, please click here.
Defendant sentenced to six years and three months’ imprisonment and a minimum period of imprisonment of two years and 11 months on 24 July.
Defendant pleads guilty to representative charges of ‘Obtaining by deception’ and ‘Theft by person in a special relationship’ at the Auckland District Court on 20 March.
Defendant pleads 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.