“..At least $15 million is now believed to be missing from an Auckland financial advisory firm, according to investigators probing the collapse of the company.
They have widened their investigation to include other businesses also linked to Remuera couple Mike and Jackie Bradley.
Liquidators sifting through the accounts of B’On Financial Services, which traded as Bradley & Bradley, have identified 40 investors in Auckland, Kerikeri and Tauranga who are owed money by the firm.
But they believe there may be more who have not come forward.
Serious Fraud Office head Adam Feeley said investigators had been working closely with the Companies Office and the liquidators on the Bradley case since late last year, and had “significant concerns” about the Bradleys’ business practices.
“Those concerns are such that we have now extended our inquiries beyond the original companies involved in the liquidation.”
Mr Feeley said the SFO was keen to hear from anyone who had invested with the Bradleys, and he urged anyone else considering doing business with the couple to seek independent legal and financial advice “which is always prudent anyway”.
One investor has told the Herald he already accepts he may never recover his life savings.
The man, who spoke on condition of anonymity, said he has been told by investigators that international funds he thought he was investing in did not appear to exist..”
go to source/story>>$15m missing, say investigators probing couple’s finance advice company – National – NZ Herald News
