Court rules Nielsen trust a sham, wife caught in 'thrall'

Rod Nielsen operated a sham trust to conceal his identity, enabling him to carry on business while being bankrupt, the High Court at Auckland has found.

In a decision that describes Mr Nielsen’s wife Sirene Millar as “in the thrall” of her developer husband, Justice Ed Wylie has ruled the Rosebud Trust is a sham.

 

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