The date has been set for under a fortnight for the judge to deliver his verdict in the case against alleged conman Loizos Michaels.

Michaels is facing 31 charges relating to losses of more than $3 million, and is accused of creating an elaborate web of deceit and convincing several prominent New Zealanders to invest money in outlandish schemes, including a proposed takeover of the SkyCity casino group.

Witnesses of the crown said in court that Michaels told them he was related to a wealthy Cypriot family which controlled a major shipping line.

Judge Field indicated that he would be likely to deliver a verdict next Friday.