High Court imposes record bans on Ponzi scheme operator and partner

High Court imposes record bans on Ponzi scheme operator and partner
Jenny Ruth
By Jenny Ruth May 9 (BusinessDesk) - The High Court has permanently prohibited convicted Ponzi scheme operator Lance Jared Ryan from managing a company and banned his former co-defendant David Blake for 12 years. The Ministry of Business, Innovation and Employment says these are the two longest bans ever imposed under the Companies Act 1993 and can only end with the consent of the High Court. In July last year, Ryan was sentenced to seven years and six months' imprisonment, which in December was reduced to six years, for running Arena...

More Law & Regulation

Government's social investment plan aims to reverse decades of failure
Law & Regulation

Government's social investment plan aims to reverse decades of failure

Government after government has failed to "crack the nut" of fixing social problems.

Santana’s golden opportunity
Primary Sector

Santana’s golden opportunity

A massive gold find in Central Otago moves carefully towards mining.

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA
Finance

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA

Repeat offender Equitise facilitated two deals after it was deregistered last year.

Jem Traylen 17 Apr 2024
'Outstanding' economics at proposed Santana gold mine
Primary Sector

'Outstanding' economics at proposed Santana gold mine

Profits of between $100m and $200m a year are projected, depending on the gold price.

Pattrick Smellie 17 Apr 2024