A failed finance company's directors are facing charges - and up to five years in prison - for statements made in their prospectuses.
Clegg & Co finance director Brian Samuel Clegg faces eight charges and Pamela Nicolson-Clegg seven in Auckland District Court.
The Cleggs face two charges each over statements in the company's 2005 and 2006 prospectuses.
They each face a further five charges for providing false information to a trustee over the extent of lending.
Brian Clegg faces a further charge, relating to misleading or deceiving the Securities Commission.
The company went into receivership in October 2007, with about $15 million of 500 investors' funds in debentures.
Receivers handling the company said members of the public were still owed around $8 million, with remaining payouts unlikely to exceed 10c in the dollar.
