Strategic Finance directors, auditors cut $22 mln deal

Thu, 05 Jun 2014

By Paul McBeth June 5 (BusinessDesk) - The former directors and auditor of Strategic Finance have cut a $22 million settlement with the failed lender's receivers and the Financial Markets Authority, which will see about 10,000 investors get back 15 cents in the dollar from funds that have been frozen since December 2008. As part of the settlement, the former directors Kerry Finnigan, Graham Jackson, Marc Lindale, Timothy Rich, Denis Thom and David Wolfenden provided the FMA with an enforceable undertaking they will not act as a director o...

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