High Court judge Kit Toogood sentenced financier Paul Bublitz on Wednesday to concurrent jail terms of 3 years & 2 months on 6 charges related to using finance companies to try to save other businesses during the global financial crisis.
The Commerce Commission said yesterday it had filed High Court proceedings against Tauranga company Linsa Finance Ltd, seeking orders that it return costs of borrowing totalling about $680,000 for over 1700 loan contracts.
2 finance companies headed by former Equiticorp boss Allan Hawkins – Budget Loans Ltd & Evolution Finance Ltd – were fined $720,000 in the Auckland District Court yesterday on 125 charges under the Fair Trading Act.
2 finance companies headed by former Equiticorp boss Allan Hawkins have been found guilty in the Auckland District Court on 106 charges relating to enforcement of loan contracts.
Heartland NZ Ltd has taken a 10% shareholding in New Zealand’s only licensed peer-to-peer lending platform, HarMoney Corp Ltd.
The Financial Markets Authority issued its first peer-to-peer lending service licence today to startup Auckland company HarMoney Ltd, founded by Neil Roberts.