1 Dominion Finance Directors Sentenced to home Detention, Community Work For Untrue Statements
Jeramy Hose edited this page 2025-08-02 18:57:28 +08:00
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Former Dominion Finance and North South Finance directors Rick Bettle, Vance Arkinstall and Paul Forsyth had been sentenced within the High Court in Auckland to dwelling detention for making unfaithful statements in relation to the failed finance firms. Bettle and Arkinstall, who pleaded responsible to five Securities Act charges including making untrue statements in offer paperwork, had been sentenced to 10 months home detention and 200 hours of group work. In addition, Bettle was ordered to pay $90,000 in reparations. Forsyth, who pleaded guilty to seven Securities Act fees together with making unfaithful statements in provide paperwork, was sentenced to 11 months dwelling detention, 200 hours of neighborhood work and ordered to pay $50,000 in reparations. Dominion Finance had about 5 Step Formula,900 debenture holders with $176.9 million invested on the time of receivership in 2008. North South Finance was put in receivership in 2010, owing $31 million to about 3,900 debenture holders. Sean Hughes, chief executive of the Financial Markets Authority which took the prosecution. In June, former Dominion administrators Ann Butler and Robert Whale have been sentenced to residence detention, having pleaded guilty to Securities Act costs. Type the text you see in the image into the sector under. You're requested to do this so as to confirm that this enquiry is just not being performed by an automated process.

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