Media releases

2010

Five Star directors receive custodial sentences

21 December 2010
Two former directors of Five Star Consumer Finance Limited, were today sentenced to prison terms. The sentences related to charges under the Crimes Act brought by the Serious Fraud Office (SFO). Nicholas Kirk was sentenced to two years and eight months, and Marcus McDonald to two years and three months.
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SFO lay charges in alleged $15M fraud

09 December 2010
The Serious Fraud Office (SFO) today laid 87 charges under the Crimes Act against Michael John Bradley and Jacqueline Lyndsay Bradley, the co-directors of B’On Financial Services Ltd (B’On), for what is alleged to be the defrauding of approximately 85 investors of over $15M.
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Guilty plea in relation to $2million SFO fraud charges

02 December 2010
Ian Victor Petersen, a 61 year old man from Waikanae, pleaded guilty today in the Porirua District Court to 13 counts of theft by a person required to account, 19 counts of theft by person in special relationship, one count of using a document with intent to defraud and one count of dishonestly using a document, laid by the Serious Fraud Office (SFO).
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Second guilty plea in Five Star Finance case

26 November 2010
A second Five Star Finance defendant has plead guilty to charges laid by the Serious Fraud Office (SFO). Nicholas George Kirk, a former director of Five Star Consumer Finance Limited (Five Star) today pleaded guilty to charges of theft by a person in a special relationship, which related to misuse of Five Star funds in breach of its Trust Deed requirements.
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SFO lays charges in North Shore City Council corruption case

22 November 2010
The Serious Fraud Office (SFO) announced today that it had laid over 300 charges against Hemant Kumar Maharaj, 57, and Suresh Din, 56, both of Auckland. The SFO allege that Mr Maharaj, who worked for the North Shore City Council, and Mr Din, used 151 invoices in a dishonest scheme to obtain over $840,000 from the Council.
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SFO responds to Natural Dairy (NZ) Holdings Ltd announcement

03 November 2010
On 21 October, the Serious Fraud Office (SFO) announced that it was investigating land transactions involving Natural Dairy (NZ) Holdings Ltd (“Natural Dairy”). The SFO has since seen a copy of an announcement purporting to be from Natural Dairy which states it: “….is pleased to announce that its legal advisor in New Zealand has been informed by the director of Serious Fraud Office (“SFO”) that the investigation mentioned in the Announcement does not relate to Natural Dairy.” The SFO does not consider this statement fully and accurately reflects the true state of SFO’s investigation.
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SFO investigating Natural Dairy land transactions

21 October 2010
The Serious Fraud Office (SFO) today confirmed that, acting on information received from the Overseas Investment Office (OIO), it had commenced an investigation into transactions between Natural Dairy (NZ) Holdings Ltd (Natural Dairy) and UBNZ Trustee Ltd; UBNZ Assets Holdings Ltd; UBNZ Funds Management Ltd (the UBNZ group)
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SFO to investigate South Canterbury Finance

19 October 2010
The Serious Fraud Office (SFO) today announced that it had launched an investigation into South Canterbury Finance (SCF). Chief Executive, Adam Feeley, said that as a result of inquiries made by its newly established Fraud Detection Unit, the SFO had grounds to suspect that a number of related party transactions involving SCF may have involved false statements or other fraudulent conduct.
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National Finance defendant pleads guilty to SFO charges

08 October 2010
The Serious Fraud Office (SFO) today said it was pleased that John Gray, the former Accountant for National Finance 2000 Limited (“National Finance”) had pleaded guilty in the District Court in Auckland to theft by a person in a special relationship, which related to misuse of National Finance funds in breach of its Trust Deed requirements.
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Serious Fraud Office lays charges in alleged $1.4M fraud

01 October 2010
The Serious Fraud Office (SFO) announced this week that it had laid charges against Martyn Tewsley Scott, a 51 year old from Meadowbank, Auckland. The SFO alleges that Mr Scott fraudulently obtained in excess of $1.4M during the six year period employed as the general manager of a family run security equipment supply business.
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Serious Fraud Office confirms Aorangi Securities investigation

22 June 2010
The Serious Fraud Office (SFO) today confirmed that it had visited the offices of Aorangi Securities Limited (ASL) in Timaru in response to concerns raised by the Registrar of Companies, and to establish an immediate working relationship with the statutory managers appointed to manage its affairs, and those of Alan Hubbard and his wife.
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