close
MENU
General Business
6 mins to read

Rough rubies and a bankrupt auditor

‘Unusual’ assets back a New Zealand home-building guarantee product.

Tim Hunter Wed, 05 Aug 2020

The American Samoa-domiciled underwriter of a New Zealand builder’s guarantee product has filed accounts claiming its main asset is $US214 million of “natural rough rubies” delivered to its safekeeping.

The auditor of those accounts, a sole practitioner in Chicago, filed for personal

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Wed, 05 Aug 2020
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Rough rubies and a bankrupt auditor
General Business,
84477
true