Published 5 March 2009
McEwan Group & Investors Forum director Dan McEwan, 66, has followed up his bankruptcy on 26 February over a debt of nearly $1 million with a district court order to repay 2 investors $16,000 – half what they claimed.
Auckland District Court judge Philippa Cunningham found property investment promoter Dan McEwan & 2 of his companies guilty in December of breaching Securities Act by offering securities to the public without issuing a prospectus or related document.
Peter & Susan Gale of Dunedin wanted to be counted as habitual investors so they could invest in McEwan schemes. Initially their application was declined, but that was reversed after they persisted.
U: The names behind the action, the week to 1 March 2009, part 3, Dan McEwan bankrupted
11 December 2008: McEwan found guilty of Securities Act breach
Attribution: Court judgment confirmed – I wasn’t in court for the detail today, story written by Bob Dey for the Bob Dey Property Report.