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Wolves at the door: The woman fighting NZ's fraudsters and conmen 30 Apr, 2021 05:00 PM 9 minutes to read It's never been easier for scammers to sink their hooks into victims. Photo / Getty Images It's never been easier for scammers to sink their hooks into victims. Photo / Getty Images New Zealand's 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 scams and rorts doing the rounds online. Most of these schemes won't hit the front pages...

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 St office in Dunedin was raided. The man, who later did some contract work for the financial advis...

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 judge's starting point for her client's sentence was too high. She also told the High Court Kloogh should have re...

Disgraced financial adivsor Barry Kloogh's 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 period of five years and four months was imposed. He admitted 11 charges brought by the Serious Fraud ...

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 in July, victims detailed how he stole and squandered their savings and investments on a luxury life...