Articles tagged with 'fraud'

SFO fraud charges could be the largest in NZ history

18 May 2021 - Kelly Simon Tonkin, a Christchurch-based economist, has been charged by the Serious Fraud Office with five charges of alleged false accounting, making false financial statements and forging a fake audit letter.

Gold fraudster loses sentence appeal

11 May 2021 - The New Zealand Supreme Court has turned down an appeal made by gold fraudster Steven Robertson of Prosper Through Trading (PTT) to reduce his non-parole...

US fraudster dies in prison

15 April 2021 - Infamous US fraudster Bernie Madoff has died in a federal prison in North Carolina.

Ponzi perpetrator Barry Kloogh not forced to pay reparations

12 January 2021 - The former financial adviser who stole $15.7 million from his clients will not be forced to pay over $5 million in reparations.

NZ investors targeted by scammers: Why advisers need to take note

24 November 2020 - A recent FMA report revealed that more NZ investors are becoming the target of scammers. Industry insiders say advisers would do well to be on their guard.

Court of Appeal backs Asteron Life in battle with former broker

19 August 2020 - Asteron Life has claimed a win in a long-running legal battle with Dunedin insurance broker Peter Taylor.

Kloogh sentenced to prison

31 July 2020 - Former financial adviser Barry Kloogh has been sentenced to eight years and 10 months in prison.

Financial adviser Barry Kloogh pleads guilty

12 March 2020 - Financial adviser Barry Kloogh has pleaded guilty.

Adviser should have stopped relationship scam, complaint says

9 March 2020 - A complaint against a financial adviser who facilitated withdrawals for a client caught by a relationship scammer has been rejected.

Charges laid against Kloogh

20 February 2020 - Former financial adviser Barry Kloogh, who allegedly ran some type of Ponzi scheme, has appeared in court for the first time.

Ross parole: Investors emotional

16 December 2019 - An investor who was caught out by David Ross’ Ponzi scheme says people who were burnt by the fraudster will keep an eye on his post-prison lifestyle.

Kloogh no longer a financial adviser

5 September 2019 - Financial adviser Barry Kloogh has had his authorisation cancelled by the Financial Markets Authority.

Kloogh companies liquidated

3 September 2019 - Financial Advice New Zealand says Barry Kloogh's membership will be suspended until further information about the investigation into his businesses comes to light.

FMA secures guilty verdict

19 August 2019 - Steven Robertson has been found guilty of dozens of charges relating to the misuse of client money.

Kloogh's clients' missing $8 million

7 August 2019 - About $8 million of client money is missing from financial adviser Barry Kloogh’s accounts, it has been revealed.

Adviser sentenced for Ponzi

23 March 2018 - A Christchurch man who defrauded his clients of at least $17.5 million through a Ponzi scheme has been sentenced to eight years in prison with a minimum...

Multi-million mortgage fraud trial gets underway

27 February 2018 - The trial of three people allegedly involved in a complex $52 million dollar mortgage fraud scheme has now started at the Auckland High Court.

ANZ tightens lending controls following fraud case

22 February 2018 - Bank believes fraudsters will make it tougher for Kiwis to take out mortgages

Prison sentence for mortgage fraudster

9 February 2018 - Involvement in a $50 million mortgage fraud scheme has earned an Auckland property developer nearly five years in prison.

Guilty plea from mortgage fraudster

23 January 2018 - One of the accused in a $50 million mortgage fraud case has admitted to multiple charges under the Crimes Act, it has been revealed.

$5.4m Ponzi admitted

6 September 2017 - New Zealand investors have lost $5.4 million in another Ponzi scheme.

Ex BNZ worker admits mortgage fraud

6 September 2017 - A former BNZ mobile mortgage manager has admitted to dishonestly using bank documents to obtain more than $1.5 million in loans for two properties.

Mortgage fraud charges for group

6 July 2017 - Name suppression has been lifted in a Serious Fraud Office (SFO) case which relates to a number of alleged mortgage frauds by an Auckland resident and his associates.

Court says Warminger manipulated the market

3 March 2017 - A High Court judge has ruled that Milford Asset Management's Mark Warminger manipulated the market when trading two stocks.  

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