The investors in Allan Hubbard's failed company Aorangi Securities have recouped most of what they invested - but they won't receive any interest.
The company was put into statutory management in 2010, owing 400 investors about $96 million.
Mr Hubbard died the following year in a car crash.
The statutory managers say investors have now had back 92 percent of what they invested and could eventually be fully reimbursed. But they say there are no funds available to pay interest.
