Tuesday 9th September 2008
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The charges relate to statements in the prospectus that Bridgecorp had never missed payments of principal or interest, according to a Securities Commission statement. Bridgecorp is alleged to have missed many payments between February 2007 and its receivership in July that year.
The finance company collapsed last year owing 14,500 investors almost $460 million.
The commission, the Companies Office and the Serious Fraud Office are continuing their enquiries into Bridgecorp and other finance companies, the statement said.
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