Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Steven Robertson convicted on 38 charges relating to PTT Ltd

Media release
MR No. 2019 – 40

19 August 2019

Steven Robertson convicted on 38 charges relating to PTT Limited and associated entities

The Financial Markets Authority (FMA) has today welcomed the Auckland High Court convicting Steven Robertson of 38 charges relating to PTT Limited and associated entities.

Mr Robertson was found guilty of the following charges, which were brought by the Crown under the Crimes Act 1961:

• 23 counts of theft by a person in a special relationship under section 220 of the Crimes Act 1961

• 11 counts of obtaining by deception under section 240 of the Crimes Act 1961

• 4 counts of dishonestly using a document under section 228 of the Crimes Act 1961.

Mr Robertson was found to have misappropriated funds deposited by clients who believed that those funds were to be traded on their behalf, or were paid as consideration for the purported purchase of shares in PTT Limited or an associated entity. Mr Robertson was also found to have withdrawn funds from credit card accounts of some clients without the client’s authority and knowledge.

Karen Chang, FMA Head of Enforcement, said: “We are satisfied with this verdict, as Mr Robertson’s actions harmed many New Zealanders.”

Mr Robertson was remanded in custody ahead of sentencing on 30 October 2019. The FMA will comment further on the case after sentencing.

ENDS


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.