A Dunedin businessman who provided financial advisory services has entered no plea to charges brought by the Serious Fraud Office.
The SFO alleges Barry Edward Kloogh (57), who appeared in the Dunedin District Court today, defrauded investors of at least $15.7 million.
Mr Kloogh faces representative charges of ‘False accounting’, ‘False statement by promoters’, ‘Theft by person in special relationship’ and ‘Obtaining by deception’. He also faces individual charges of ‘Forgery’, ‘Theft by person in special relationship’ and ‘Obtaining by deception’.
Mr Kloogh provided his financial advisory services through several companies of which he was the sole director and shareholder. He had approximately 2000 active clients in May 2019.
The defendant was remanded without plea to reappear in the Dunedin District Court on 12 March.
The Financial Markets Authority referred the matter to the SFO and assisted the agency in its investigation.
Recent NZ Law News
- Chapman Tripp Run COVID Test Case Over Business InterruptionChapman Tripp are running a test case looking at business interruption insurance policies, […]
- Lawyer Accepts Over 70 Breaches of Rules Around DocumentsTreadwell Gordon principal Kirsten Harper Order to pay over $20,000 Manawatu lawyer Kirsten […]
- Market for D&O insurance hardest in living memoryDirectors in New Zealand and Australia are facing the most volatile and restrictive […]
- Freshfields Joins Slim Ranks of Big Law Firm Female Leaders As Gender Diversity Moves Slowly GrowDan Garner – Female law firm leadership ranks are growing – albeit slowly […]
- Russell McVeagh advises on Scentre Group’s inaugural US$3b subordinated hybrid notes issueRussell McVeagh has acted as part of a multi-jurisdictional team to assist Scentre Group, owner […]
- Anti-money Laundering Startup First AML Raises $8 MillionAUCKLAND, New Zealand, September 16, 2020 – Anti-money laundering tech startup First AML has raised NZ$8 […]
- DLA Piper Advises Discovery on Acquisition of MediaWorks TVPowered by LawFuel – 17 September 2020 – Global law firm DLA Piper has […]
- Labour’s Tax Increases – The Hypocritical FuroreBob Jones What a hypocritical furore following the government’s announcement lifting the top […]
- Insurance Lawyer Wins Big In Mental Health ClaimWarkworth insurance law specialist Tim Gunn has successfully battled the country’s largest insurer […]
- The Power Lawyers Who Could Rule: The 42 Lawyers Seeking A Seat in Parliament for the 2020 ElectionLawyers, unsurprisingly, dominate the list of those professions atop the list of candidates […]
- Veteran Lawyer Joins Ngai Tahu BoardNgai Tahu Holdings is excited to announce the appointment of two new directors […]
- MinterEllisonRuddWatts Advise on Sale of MediaWorksLeading law firm, MinterEllisonRuddWatts advised MediaWorks on its sale agreement to sell MediaWorks […]
- DLA Piper Moves to Commercial BayGlobal law firm DLA Piper is moving its Auckland office to new premises […]