28 Apr 2009

Four convicted of fraud

10:04 am on 28 April 2009

A New Zealander has been convicted in Brazil of involvement in an investment scam that fleeced victims around the world.

Alan Craig Chard was found guilty of fraud, along with two Britons and an Israeli.

He has been sentenced to five years and 11 months in prison.

They were all arrested in April last year.

Officials say they operated a call centre that defrauded investors in Britain, Spain, Australia, the United States and several Asian countries in a fictitious scheme that promised high returns.