Kelvin Clive Wood
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.