Articles tagged with 'scam'

Pyramid scheme promoter ordered to pay fine totalling millions of dollars

26 June 2024 - A woman touting herself as “the biggest scammer out there” has been ordered to pay a $5.9 million fine – the biggest ever individual criminal fine under the Fair Trading Act.

Would-be scammer convicted after running one of biggest pyramid schemes in NZ

24 April 2024 - A pyramid scheme promoter who says she was going to “make history as one of the biggest scammers in New Zealand” has been convicted on five charges laid by the Commerce Commission under the Fair Trading Act.

Scam complaints rise sharply

16 September 2021 - The Financial Markets Authority (FMA) is warning New Zealanders to be on the lookout for three unique types of scams that have been on the rise since the start of the Covid-19 pandemic.

FMA issues scam warning

27 July 2021 - The Financial Markets Authority (FMA) has warned investors to be wary of scammers impersonating New Zealand-based derivatives issuer Rockfort Markets Limited.

Woman loses over $100k in Forex scam

15 July 2021 - A Kiwi woman has lost more than $100,000 after being conned in a complicated investment scam involving supposed Forex currency trading.

Scams under-reported by Chinese New Zealanders: FMA

22 February 2021 - The FMA are urging Chinese New Zealanders to beware of investment scams, but an Asian adviser says the regulator needs to do more.

FSCL warns investors to beware of cryptocurrency scams

13 January 2021 - A recent complaint regarding Bitcoin has highlighted the growth of investment scams involving cryptocurrency.

Data security: What advisers need to know

4 December 2020 - This week the new privacy laws have come into force, meaning it is more important than ever for advisers to take responsibility for their clients' data.

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.

Adviser stops scam: Saves client $60,000

21 July 2020 - An adviser who saved his client from losing $60,000 to a scam says it shows his systems are working.

FSCL reports email breach

8 May 2020 - A “malicious third party” has gained access to Financial Services Complaints Ltd (FSCL)’s email database and sent phishing emails to complainants.

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.

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.

[The Wrap] Introducing the new type of financial adviser (Not)

23 August 2019 - One of the things which impacts on the standing of financial advisers is the dodgy people who pretend to be be advisers but work outside of the regulated market.

FMA secures guilty verdict

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

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