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Five Star Finance directors prosecuted

The Companies Office has laid criminal charges against the directors of Five Star Finance and Five Star Debenture Nominee, Marcus MacDonald, Anthony Bowden and Nicholas Kirk.

Wednesday, July 9th 2008, 10:09AM
The charges relate to securities being offered and allotted to members of the public without there being a registered prospectus, investment statement or trustee appointed.

Five Star Finance and Five Star Debenture Nominee both went into receivership on 5 September 2007.

The prosecution is being carried out by the National Enforcement Unit of the Companies Office.

The Securities Commission and the Serious Fraud Office are conducting separate investigations.

The defendants are due to appear in the Auckland District Court on 4 August 2008.

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