SFO accuses financial adviser of swindling family and friends in $5 mln fraud

Sun, 10 Jun 2012

By Hannah Lynch June 11 (BusinessDesk) - The Serious Fraud Office has accused North Shore financial adviser Evan Cherry of swindling family and friends in a fraud worth at least $5 million. The white collar crime investigator has leveled 13 charges against Cherry, the sole director of Albany-based Investment Solution, saying he stole investors' funds and made false statements in offer documents. The SFO claims at least $5 million out of the $9 million Cherry received from about 175 investors weren't invested in accordance with instructions....

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Thursday, June 30, 2022
The Quizmaster | Thu, 30 Jun 2022

Don't forget to give our daily quiz a go. Good luck!

Media
Discovery NZ slumps to $34m loss in 2021
Daniel Dunkley | Thu, 30 Jun 2022

The broadcaster, part of US giant Warner Bros. Discovery, recorded the heavy loss after racking up a larger wage bill.

Markets
BusinessDesk owner NZME hits 100,000 digital subscriptions
Oliver Lewis | Thu, 30 Jun 2022

The owner of BusinessDesk has hit a new high, with even more customers choosing to subscribe.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.