https://www.stuff.co.nz/business/pro...e-by-receivers

Forestlands founder's home for sale by receivers

The 1144sq m home and sprawling rural estate at 64 Thorpe-Orinoco Rd in Ngatimoti, near Motueka, has been placed up for sale by BDO accountants and insolvency practitioners Rees Logan and Diana Matchett, who have been appointed receivers of the Kearns Family Trust.
The Financial Markets Authority (FMA) has filed criminal charges against Kearns in relation to the Forestlands group of companies he was founder and sole director of, for alleged disclosure and financial record keeping breaches.
In 2018, 18 Forestlands subsidiary companies were put into liquidation, with that process still ongoing.

The FMA has previously said that after Motueka-based Forestlands group ran into financial difficulty it started a process to sell forestry assets in mid-2015, but investors were allegedly not notified or consulted. In October 2016, the forestry was sold for about $23.5 million and in early 2017, at the direction of the FMA, $18 million was placed in a trust for investors.
It's certainly taken a while to reach this point !