Alleged Ponzi sought liquidation shortly before FMA secured assets
But doing so would have meant creditors could not have been repaid in full, receivers say.
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Hawke’s Bay
The man behind a string of companies accused of being a ponzi scheme was looking at options that would have prevented his creditors from being fully repaid just months before the FMA swooped.
In August, PwC was appointed as receiver and manager of PTT Ltd, also known as Prosper Through Trading, as
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Hamish McNicol
Mon, 12 Oct 2015
Mon, 12 Oct 2015
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Alleged Ponzi sought liquidation shortly before FMA secured assets
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