The founder of failed property investment company Blue Chip has entered guilty pleas through his lawyer to charges laid by the Economic Development Ministry.
The high-profile company collapsed in February 2008, leaving more than 2000 investors losing $84 million.
Mark Bryers' lawyer has entered guilty pleas to 31 charges of breaching the Companies Act and Financial Report Act at a hearing at the Auckland District Court on Tuesday.
The charges relate to failing to complete or sign off company accounts. Most carry a maximum penalty of $10,000, but two carry a maximum fine of $100,000.
Last year, Bryers admitted three charges relating to failed investments. He pleaded guilty to failing to comply with a notice to attend a creditor meeting, failing to attend watershed meetings and failing to keep adequate accounting records.
Thirty-eight charges were withdrawn. Disgruntled investors say they are disappointed at this and fear Bryers will get off too lightly.
Bryers will return from Sydney for sentencing in May.
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