3 Aug 2013

Foreign exchange dealer pleads guilty to theft charges

7:28 am on 3 August 2013

A foreign exchange dealer has pleaded guilty to theft and dishonesty charges after a Serious Fraud Office investigation.

In the Auckland District Court on Friday, Rene Alan Chalmers admitted to 14 Crimes Act charges laid by the SFO, including theft by a person in a special relationship, dishonestly using a document and making a false statement.

In May 2012, his company Chalmers Cameron Investments Limited was placed into voluntary liquidation owing investors $6.3 million.

The SFO charges related to trading foreign exchange on behalf of clients and to three property purchases in 2011 and 2012.

Chalmers has been remanded on bail and will be sentenced in November.