Former OPI/MFS directors get fine and community service
Two former directors of failed finance company OPI Pacific (formerly MFS) have been given sentences of community work and a fine.
Mark Lacy and Jason Maywald, were sentenced in the Auckland High Court today after earlier pleading guilty to making untrue statements in advertisements and a prospectus in 2007.
Both men received sentences of 200 hours community work each, to be carried out in New Zealand, and ordered to pay A$100,000 in reparation to be paid to the company’s receivers.
More than 10,000 investors were owed a$247 million. As at July 2015, OPI investors had been repaid 30.23 cents in the dollar.
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