Bridgecorp's Roest gets an extra 3 months jail for role in Medici fraud

Fri, 17 Aug 2012

Aug. 17 (BusinessDesk) - Former Bridgecorp chief financial officer Rob Roest had another three months added to his six-and-a-half year jail term for his role in the $3.5 million fraudulent acquisition and financing of the Medici luxury launch. Roest pleaded guilty to one Crimes Act charge and two Companies Act charges brought by the Serious Fraud Office in the Auckland District Court today. The extra jail-time comes from his conviction and sentence for 18 counts of breaching the Securities Act, Crimes Act and Companies Act brought by the Fin...

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