Colin Mark Simpson, 52, faced Gisborne High Court on Friday, entering guilty pleas for nine charges he faced, including theft by a person in a special relationship, false accounting,
g-suite manchester obtaining by deception, and false statement by promoter.
The charges carry maximum sentences of between seven and 10 years' imprisonment.
He initially faced 34 counts when charged in January 2012, but the remainder were dropped due to insufficient evidence, or rolled together into the remaining charges.
Two other directors he was jointly charged with
g-suite, Nigel Brent O'Leary and John Patrick Gardner, have entered not guilty pleas and will face trial later this month.
Rockforte went into receivership in 2010 after seven years offering consumer and commercial financial services to businesses, mostly in the Poverty Bay area.
The Serious Fraud Office (SFO) alleges investors lost $3.86 million.
It believes most of investors' money was used as a source of funding for the directors' personal business interests in two companies - Gisborne Haulage and Michael Ward 1969 Ltd, which operated the Jean Jones clothing label.
Graham Gill of the SFO said Simpson's actions had triggered the failure of several businesses.
"This has had a significant impact on the Gisborne community and resulted in the loss of financial investments and jobs," Mr Gill said
g-suite cardinal manchester.
Simpson was remanded on bail for sentencing on September 26. His two co-accused, who face 53 charges between them, face trial on September 30.
PR
