By Paul McBeth
Tuesday 21st October 2008 |
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Marshall was found guilty of fourteen charges of false accounting with intent to defraud and making false statements with intent to defraud between August 2001 and July 2004 by a Wellington District Court jury in April this year.
“Marshall could not have been unaware of the risk to client assets as a result of Acccess’ conduct,” the NZX Discipline ruling stated. Mr Marshall’s conduct was considered to be “of a serious nature.”
In its September 23 ruling, NZX Discipline ordered Marshall to pay $220,000, and may also seek costs. It publicly censured Marshall today, who is currently serving three years in jail.
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