Page 3 - Barry Kloogh News Today

Hundreds of people defrauded by Ponzi scheme operator Barry Kloogh are to receive a minuscule amount of the millions he stole from them, despite a judge aw

Hundreds of people defrauded by Ponzi scheme operator Barry Kloogh are to receive a minuscule amount of the millions he stole from them while his...

Just 2.5c in each dollar for hundreds of people defrauded by Ponzi scheme operator.

People whose life savings were stolen by convicted fraudster Barry Kloogh will probably get back only 2.5c of every dollar they had taken from them.  Kloog

A combination of Barry Kloogh's lavish lifestyle and a suspicious accountant brought down Kloogh's Ponzi scheme, the Serious Fraud Office (SFO) says. It is

Wolves at the door: The woman fighting NZs fraudsters and conmen 30 Apr, 2021 05:00 PM 9 minutes to read Its never been easier for scammers to sink their hooks into victims. Photo / Getty Images Its never been easier for scammers to sink their hooks into victims. Photo / Getty Images New Zealands market watchdog issued more than 100 scam warnings over the past 12 months. The ongoing battle by the Financial Markets Authority (FMA) has provided Kiwis with a virtual encyclopaedia of the s...

Kloogh stands in the dock of the Dunedin District Court for sentencing on July 31, 2020. But it has since emerged Kloogh claimed he had invested in Bitcoin, even offering it as a service to some investors. The cryptocurrency, which is not controlled by governments or banks, allows people to use it anonymously – unless they tell others. A source, who had known Kloogh socially for almost two decades, told Stuff that Kloogh was touting Bitcoin as a possible investment vehicle before his High...

Photo: RNZ / Tess Brunton The 57-year-old this week appealed his prison sentence, non-parole period and a $5 million reparation order imposed on him. Kloogh was jailed for eight years and 10 months in July after defrauding dozens of investors of more than $15 million. A minimum non-parole period of five years and four months was imposed. He admitted 11 charges brought by the Serious Fraud Office in March. Earlier this week his lawyer, Sarah Saunderson-Warner, argued the sentencing judges starti...

Disgraced financial adivsor Barry Klooghs appeal dismissed © RNZ / Tess Brunton The disgraced Dunedin financial adviser, Barry Kloogh, will spend five years behind bars after most of his appeal against his sentence was dismissed. The 57-year-old this week appealed his prison sentence, non-parole period and a $5 million reparation order imposed on him. Kloogh was jailed for eight years and 10 months in July after defrauding dozens of investors of more than $15 million. A minimum non-parole per...

Dunedin financial adviser Barry Kloogh sentence for fraud too high - lawyer © RNZ / Tess Brunton The lawyer for disgraced Dunedin financial adviser Barry Kloogh is arguing his prison sentence and the $5 million reparation order imposed on him are too harsh. Kloogh was jailed for eight years and 10 months earlier this year after defrauding dozens of investors of more than $15m. He admitted 11 charges brought by the Serious Fraud Office in March. At his sentencing in the Dunedin District Court ...