Dominion Finance’s Cropp jailed for 2 years 7 months

Thu, 23 May 2013

May 23 (BusinessDesk) - Paul Cropp, the former chief executive of failed lenders Dominion Finance and North South Finance, has been jailed for two years and seven months after being convicted on fraud charges last month. Cropp was sentenced in the High Court in Auckland having been found guilty of four charges leveled by the Serious Fraud Office over related party lending of some $13.6 million, which breached the lenders’ trust deed, the white-collar crime investigator said in a statement. “This outcome sends a message to those managing an...

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