Belgrave Finance’s Stephen Smith pleads guilty to 25 fraud charges

Wed, 17 Apr 2013

April 17 (BusinessDesk) – Stephen Smith, former director of the failed Belgrave Finance, has pleaded guilty to 25 charges of fraud related to the collapse of the company in 2008. Smith pleaded guilty in the High Court in Auckland to 25 charges, including 19 under the Crimes Act of theft by a person in a special relationship, four charges of false statement by promoter, one Securities Act charge of making an untrue statement and one Companies Act charge of making a false statement to a trustee. The charges were brought in a joint prosecution...

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