An Auckland man accused of a franchising scam involving more than 170 people has admitted three charges brought by the Serious Fraud Office.
Keith Lapham, a former contractor for Green Acres, entered the pleas on Thursday.
The SFO says he obtained more than $3.5 million by deception when he sold sub-franchises to unsuspecting buyers.
It says he guaranteed them $650 a week he knew he could not pay.
The SFO also says he obtained $244,800 from Green Acres by making false claims about how many sub-franchises he granted.
