Audible reactions of frustration from the huger gallery of investors troubled the court, when Blue Chip Co-founder Mark Bryers (52) was today fined $37,500, and ordered to pay $780 in court costs and also ordered to complete 75 hours of community work when he was sentenced on 34 charges by Judge Christopher Field in Auckland District Court today.

Bryers' Blue Chip Empire collapsed in 2008, owing more than 2000 investors more than $84 million.

Dressed in a dark blue pinstripe business suit, Bryers sat segregated from investors in a glass-screened dock and was led from the court through a side door by two police officers.

An angry investor in the failed Blue Chip property investment company says she feels let down after the Company's Co-founder, Mark Bryers avoided a jail term after pleading guilty to a number of financial reporting charges that were not specifically related to the collapse of Blue Chip.

Judge Field told Bryers the failure of the Blue Chip companies had caused enormous hardship for many people but he said the charges he was being sentenced on today were for inadequate financial reporting and failing to attend creditors' meetings and were not related to the failure of the companies.

Judge Field, who gave Bryers a 20% discount because of his guilty plea, said there was an overwhelming sense of understandable bitterness emerging from the letters that were handed over to him by the investors there. Describing Bryers as experienced, intelligent and aware of his obligations, the judge told Bryers had failed utterly in his obligations as a company director and that the results were catastrophic.