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Guilty pleas entered in OPI Pacific Finance case
21 August 2015
Guilty pleas entered in OPI Pacific Finance case
Two former directors of OPI Pacific Finance, Mark
Lawrence Lacy and Jason Robert Duncan Maywald, have today
pleaded guilty to two charges under the Securities Act 1978
in a prosecution commenced by the Financial Markets
Authority (FMA) in 2013.
The charges relate to a
registered prospectus and an advertisement distributed in
2007, which the FMA alleges included untrue
statements.
The FMA’s director of enforcement and investigations, Belinda Moffat welcomed the guilty pleas entered today ahead of trial.
“In pleading guilty,
Messrs Lacy and Maywald have accepted responsibility for
their failure to fulfil their disclosure obligations to
investors,” she said.
The trial of the remaining
defendants, who are also former directors of OPI, David Mark
Anderson and Craig Robert White, is scheduled to commence on
5 October 2015.
Messrs Lacy and Maywald will be
sentenced on 18 September
2015.
ENDS
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