Financial Markets Authority charges directors of OPI Pacific Finance with making untrue statements

Tue, 05 Nov 2013

Nov. 5 (BusinessDesk) – The Financial Markets Authority is charging four directors of failed lender OPI Pacific Finance, which owes more than 10,000 investors about $247 million, with making untrue statements in offer documents. Directors Mark Lacy, Jason Maywald, David Anderson and Craig White are scheduled to appear in Auckland District Court on Dec. 3, the authority said in a statement. The Securities Act charges carry a maximum term of five years’ prison or a $300,000 fine. OPI, which provided finance for commercial property investments...

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