Scoop has an Ethical Paywall
FMA Files Criminal Charges Against Former Financial Adviser
The Financial Markets Authority – Te Mana Tātai Hokohoko – has filed criminal charges against a former financial adviser. The defendant, who has interim name suppression, has pleaded not guilty to two representative charges of theft by a person in a special relationship.
The FMA alleges that the defendant procured approximately $1.7 million from two sets of clients on the basis that he would invest the funds procured on their behalf. It is alleged the defendant instead used the funds obtained for personal purposes. The alleged offending occurred between 2016 and 2022.
Theft by a person in a special relationship carries a maximum penalty of seven years’ imprisonment.
The charges were filed in the Auckland District Court. The defendant’s next court appearance is scheduled for 17 October 2024.
Gordon Campbell: On Children’s Book Classics - The Moomins
Johnnie Freeland: Ko Tātou Tātou - Climate Action In Aotearoa Begins With Relationship
Zero Waste Network Aotearoa: Container Return Scheme Bill Would Double Recycling Rates And Put Money Back In Households
Wellington City Council: Statement From The Wellington Mayoral Forum On Options For Regional Governance Reform
MUNZ: TAIC Report On Kaitaki Incident Gives Shocking Picture Of Decline Of NZ Maritime Infrastructure
Greenpeace: New Climate Report Yet More Reason To Reduce Dairy Herd
Better Public Media: Opposing Plans To Scrap The BSA
