Man Admits Part In Green Acres Franchise Scam

Radio New Zealand:

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.

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