13 Jan 2011

Accused fraud pair back in court

11:16 am on 13 January 2011

About a dozen elderly investors have attended the court appearance of a couple accused of fraud to the value of $15 million.

The Serious Fraud Office says Michael and Jacqueline Bradley of B'On Financial Services were behind a Ponzi scheme that used funds from new investors to pay dividends to earlier investors.

The Bradleys appeared in the Auckland District Court on Thursday morning and were remanded on bail until next month. They face 87 charges including theft and misusing documents.