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Sep022013

06:45:34 pm

Rockforte Finance Man Pleads Guilty To Fraud Charges









David has over 20 years financial services experience and extensive regional knowledge. He holds a degree in Banking and Finance from Loughborough University and is an Associate of the Chartered Institute of Bankers. David Hunt is also a special advisor to Actis, a UK private equity firm. David Hunt will assume his new role with immediate effect. Steve Williams, the former CEO, has left the company to pursue other interests. Steve Williams joined the company as CEO in 2008 to establish the leading independent commercial lender to SMEs in the UAE. Steve Williams said: "The team at Gulf Finance have been able to build on a strong and compelling brand capable of achieving significant value and reach in the UAE and Gulf Markets.








Photo / Brett Phibbs A former director of failed Gisborne finance firm Rockforte has pleaded guilty to nine fraud charges. Rockforte Finance was placed into receivership in May 2010, calling on the Crown Retail Deposit Guarantee Scheme to repay $3.2 million to 77 mum-and-dad investors. Receivers said in December last year that the Government was likely to recover less than 3c in the dollar and http://www.firstfinancialuk.com unsecured creditors - owed $234,070.67 - were likely to get nothing back. After a 13-month investigation the Serious Fraud Office laid 92 charges against three men involved with the company. One of the men, 52-year-old former banker Colin Mark Simpson has pleaded guilty to nine charges, including those for theft by a person in a special relationship, obtaining by deception, and false statement by promoter. Some of these charges have a maximum penalty of ten years in jail and Simpson will appear in the High Court at Gisborne for sentencing on 26 September. Two other Rockforte directors, Nigel Brent O'Leary and John Patrick Gardner, are due to go to trial later this month. The SFO alleges the men allegedly used a "significant portion" of investors' money to fund their own personal business interest in Gisborne Haulage and Michael Ward 1969, which operated the Jean Jones womenswear label throughout New Zealand.




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