Glossary

Key terms, entities, and organizations referenced throughout the investigation archive

36 Bridge Street, Ahuriri
Location

Registered address of Oldershaw & Co accountants. Also registered address of PAMT charity. Key node in professional services network.

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66 West Quay, Ahuriri
Location

Registered address of Langley Twigg law firm. 144 companies registered at this address including all NIT trustee companies. Central hub of corporate network.

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Aquiline Holdings Limited
Person/Entity

Company (647774) at center of gaming trust corruption. Shareholders include Patrick Dennehy, Ashley Oldershaw, Rodney Green, NIT trustee companies, Ronald Scott, and Langley Twigg. All named shareholders were charged in December 2024.

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Ashley Oldershaw
Person/Entity

Principal of Oldershaw & Co accountants. Shareholder in Aquiline Holdings. Charged in December 2024 DIA corruption case involving gambling trusts.

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Beneficial Ownership
Financial

The natural person(s) who ultimately own or control an entity, even if legal ownership is held through intermediaries like trustee companies. NIT structure obscures beneficial ownership.

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DIA (Department of Internal Affairs)
Organization

New Zealand government department responsible for regulating gambling trusts. Announced charges against 8 individuals in December 2024 for operating a 'network of corruption' in Hawke's Bay.

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Gaming Trust
Legal Term

Charitable trust authorized to operate gaming machines (pokies) in New Zealand. Required to distribute proceeds to community purposes. Subject to DIA regulation and audit requirements.

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Gerald McKay
Person/Entity

Former Napier lawyer convicted in 2016 of stealing $566,900 from family trust accounts. Sentenced to 4.5 years imprisonment. Victims described him treating their trust funds 'like an ATM.'

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Infinity Foundation
Organization

Gaming trust that made $1.5 million in questionable payments according to auditors. Trustees included Patrick Dennehy. Subject of regulatory breaches findings.

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Langley Twigg
Person/Entity

Law firm at 66 West Quay, Ahuriri. 144 companies registered at this address. Shareholder in Aquiline Holdings. Connected to NIT trustee network through shared directorships.

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NIT (Napier Independent Trustees)
Organization

Network of numbered trustee companies (No. 1 through No. 72) registered at 66 West Quay, Ahuriri. Hold shares in Oldershaw & Co and other network entities. Used as corporate veil for beneficial ownership.

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Oldershaw & Co
Organization

Accounting firm at 36 Bridge Street, Ahuriri (Company 902258). Provides accounting services to multiple network entities including PAMT charity. NIT No. 6, No. 8, and CDT 5 are shareholders.

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PAMT (Poverty Action Ministries Trust)
Organization

Charity registered at 36 Bridge Street (same as Oldershaw & Co). Uses Oldershaw email for contact. 2022 annual return shows 'Yes' for related party transactions. Financial anomalies identified in reporting.

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Patrick Dennehy
Person/Entity

Former Hastings coroner and Infinity Foundation trustee. Shareholder in Aquiline Holdings. Charged in December 2024 DIA corruption case.

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Peter Twigg
Person/Entity

Director of multiple NIT (Napier Independent Trustees) companies. Connected to Langley Twigg law firm. Key figure in trustee network structure.

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Quota (Fishing)
Financial

Tradeable right to catch a specified quantity of fish under New Zealand's Quota Management System. Valuable asset that has been consolidated by connected fishing companies.

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Related Party Transaction
Legal Term

Financial transaction between parties with pre-existing relationship (e.g., trustee and their own company). Must be disclosed in charity annual returns. Indicator of potential conflicts of interest.

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Rodney Green
Person/Entity

Napier businessman. First faced pokie fraud charges in 2011. Shareholder in Aquiline Holdings. Charged again in December 2024 DIA corruption case.

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Sea Ventures Limited
Organization

Fishing company (525250) incorporated 1991. Lawrence Willis holds 80% (8,000 of 10,000 shares). Registered at Gardiner Reaney & Co address. Connected to Jenssen fishing network.

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Trustee Company
Legal Term

Company that acts as trustee for trusts, holding legal title to assets on behalf of beneficiaries. NIT companies are numbered trustee entities used to obscure beneficial ownership.

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