SFO adds Dominion Finance's Cropp to list of successful finance company prosecutions

Thu, 11 Apr 2013

April 12 (BusinessDesk) - The Serious Fraud Office has added the scalp of former Dominion Finance and North and South Finance executive Paul Cropp to its tally of successful finance company prosecutions. Cropp was today found guilty in the High Court in Auckland relating to related party lending totaling approximately $13.57 million in breach of the companies trust deeds, the SFO said in a statement. Former director Robert Whale and another associate with name suppression were found not guilty of five and three charges respectively. "SFO a...

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