Penrich Capital founder jailed

Penrich Capital founder jailed
Penrich Capital founder Kelly Tonkin has been jailed for fraud.
Oliver Lewis
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...

More Law & Regulation

Clarkes granted appeal on interviews
Law & Regulation

Clarkes granted appeal on interviews

Du Val founders get leave to appeal interview order with receivers PwC.

Garth Bray 27 May 2025
FMA warns against scheme run by crypto firm
Law & Regulation

FMA warns against scheme run by crypto firm

The regulator said the scheme had no licence. 

BD AI 22 May 2025
Navigating workplace romance
Law & Regulation

Bronwyn Heenan: Navigating workplace romance

Romantic work relationships involve difficult conversations that should be had.

Bronwyn Heenan 16 May 2025
Peter Huljich is Pushpay insider trader, flagging further appeal
Law & Regulation

Peter Huljich is Pushpay insider trader, flagging further appeal

Rich-lister Peter Huljich has been revealed as the Pushpay executive convicted of insider trading.Huljich’s identity had been suppressed since he was charged by the Financial Markets Authority (FMA) in February 2022.The current case has been closely watched by markets as it marke...

Staff reporters 15 May 2025