Kelvin Clive Wood

Kelvin Clive Wood
A case reaches prosecution stage when charges are laid. There may be a number of hearings during this stage and name suppression may stay in place. The SFO will announce if guilty pleas are entered. If not, the case will go to trial.

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Kelvin Clive Wood operated a Ponzi scheme - using new investors’ funds to pay other investors their reported gains, or to refund their principal investment. A total of 18 investors lost at least $7 million as a result of the defendant’s offending.

  • Defendant remanded on bail to reappear for sentencing at the Auckland District Court at 9am on 24 July.

  • Defendant pleads guilty to representative charges of ‘Obtaining by deception’ and ‘Theft by person in a special relationship’ at the Auckland District Court on 20 March.

  • Defendant pleads not guilty at the Auckland District Court on 6 December.

  • Defendant enters no plea at the Auckland District Court to representative charges of ‘Obtaining by deception’ and ‘Theft by person in a special relationship’ on 23 October. He is remanded on bail until his next Court appearance.