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Insolvency Watch

Shark Patrol's Insolvency Watch monitors the world wide web in New Zealand for liquidations, receiverships, bankruptcy news as well as reports of convictions of fraud and other 'white collar' crimes'.

However as we also include events such as 'Solvent Liquidations' inclusion on this page does not always mean that the company, the directors and / or shareholders are insolvent.

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January 17th, 2012

Categories
Fraud, Theft by a person in a special relationship

A Te Awamutu real estate agent who was ripped off by her business partner said it felt like she had been shot when she worked out what was happening.

Manager of Century 21 Te Awamutu Stephanie Dunsmore realised midway through last year her former friend and business associate Karen Voss had her hand in the till….

Read the full article on line >>> stuff.co.nz

November 01st, 2011

Categories
Fraud

Rotorua lawyer and the former owner of Rotorua law firm Rangitauira & Co, John David Rangitauira stood to make $6.2 million from a client who had been offered an inheritance of more than $27 million, a jury in the Rotorua District Court has been told.

However, it turned out the inheritance was a scam.

Read the full article on line >>> The Daily Post – rotoruadailypost.co.nz

September 17th, 2011

Categories
Theft by a person in a special relationship

The February 22 earthquake put an end to Gail Denise Newburn‘s fiddling of the books at the Crowne Plaza Hotel, and the 53-year-old faced 14 charges yesterday.

The quake may also mean she can pay back the $109,231 she stole. She and her husband have a red-zone house and are looking to accept the Government’s buyout offer.

Read the full article on line >>> The Press – press.co.nz

Former National Finance director Trevor Ludlow has been convicted of seven charges relating to theft and false accounting.

The conviction in the Auckland District Court follows an investigation by the Serious Fraud Office.

NATIONAL FINANCE 2000 LIMITED went into receivership in 2006 owing investors $24 million.

Read the full article on line >>> stuff.co.nz

Trevor Ludlow, the former director of failed lender NATIONAL FINANCE 2000 LIMITED., has been convicted of theft and false accounting charges brought by the Serious Fraud Office.

Ludlow was found guilty of six charges relating to theft by a person in a special relationship and false accounting, having earlier pleaded guilty to one count of theft. The prosecution came from an SFO investigation.

Read the full article on line >>> scoop.co.nz

July 11th, 2011

Categories
Criminal charges

A former director of Queenstown flight company Heliworks accused of a raft of theft and dishonesty charges has elected a trial by jury.

Pilot David Maxwell Kershaw re-appeared in Queenstown District Court today (Monday) after previously entering a not guilty plea to 19 offences while he was managing director for HELI-WORKS QUEENSTOWN HELICOPTERS LIMITED.

Read the full article on line >>> Mountain Scene – scene.co.nz

Nelson liquidator Pat Norris has been charged with theft as a person in a special relationship.

Norris operates a business called Norris Management Services, providing insolvency and employment relations advice. Court documents show the charge against Norris relates to the alleged theft of $80,960 from a company, Astra Enterprises.

Read the full article on line >>> Nelson Mail

Hamilton chartered accountant, Gary Soffe, will appear in court tomorrow charged with stealing millions of dollars from a family trust – money he allegedly used to build one of the most spectacular homes in the Waikato, as well as buying beach houses and commercial property in Auckland.

Sources say the total involved is at least $6 million, possibly more.

Read the full article on line >>> stuff.co.nz

A supermarket owner is angry a trusted staff member who stole nearly $300,000 will not have to pay a cent back.

Former City New World manager Clare Strachan, 28, of New Plymouth, came close to bringing the supermarket to its knees yet had not been ordered to re-pay any of the money she stole, Mr Dowman said last night.

Read the full article on line >>> stuff.co.nz

April 20th, 2011

Categories
Theft by a person in a special relationship

A 47-year-old Invercargill man yesterday admitted eight charges of theft from the Southland Motorcycle Club.

John David Smart appeared before Judge David McKegg facing charges of theft by a person in a special relationship between June 14, 2009 and June 10, last year.

Read the full article on line >>> The Southland Times

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