Law & Regulation

Penrich Capital founder jailed

Oliver Lewis
Tue, 21 Dec 2021

Penrich Capital founder jailed
Penrich Capital founder Kelly Tonkin has been jailed for fraud.
Oliver Lewis
Tue, 21 Dec 2021
A former Treasury staffer whose actions cost investors at least $80 million has been sentenced to eight-and-a-half years’ imprisonment for fraud.Penrich Capital founder Kelly Tonkin, 52, was sentenced by Judge Tony Couch in the Christchurch district court on Tuesday.Couch ordered that Tonkin serve at least four years and three months’ imprisonment.In June, the former investment banker pleaded guilty to representative charges of false accounting, false statement by promoter and forgery. The Serious Fraud Office (SFO) filed the charge...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
Positive earnings lift NZ sharemarket
Dan Brunskill | Fri, 20 May 2022

The NZ market was one of the few climbing markets as investors in other parts of the world worried about the risk of a global recession.

Law & Regulation
Unlawful collection of Companies Office fees fixed under urgency
Ian Llewellyn | Fri, 20 May 2022

The Companies Office's administration of fees may have saved costs, but the problem is it was against the law.

Markets FREE
Brian Gaynor: legacy of a towering financial figure
Brenda Ward | Fri, 20 May 2022

At his funeral in Auckland, family, friends and colleagues of Brian Gaynor recalled a passionate man who had the confidence and courage to back his sometimes controversial opinions.

Partner content
What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.