Capital + Merchant’s Nicholls, Douglas jailed for 7 ½ years, Tallentire gets 5 years

Fri, 31 Aug 2012

Aug. 31 (BusinessDesk) - Neal Nicholls and Wayne Douglas, directors of failed finance company Capital + Merchant Finance, have been jailed for 7 ½ years apiece for fraud, while their former chief executive, Owen Tallentire, got five years in prison. The sentences were handed out in the Auckland High Court, rounding out an investigation into what Serious Fraud Office CEO Adam Feeley called “some of the worst excesses of the finance companies saga.” The sentences “will send a strong message to the commercial sector regarding the severity of pu...

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