MFC Club pyramid scheme ripped off their own, investors claim
The complicated Malaysian-based investment preyed on unsophisticated Chinese New Zealanders by promising extraordinary returns, court told.
Once celebrated MBI founder Tedy Teow (black jacket) with fans in 2013.
Emily Deng* would regularly bump into another school mum at her local Auckland Tai Ping Asian supermarket.
The woman was so keen to get Emily to a MFC Club seminar, she even offered to find a babysitter for Emily's 18-month-old son.
“(She’d say), ‘oh why don’t you come to the class with me,
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly
credit card debit
Premium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly
credit card debit
Premium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly
credit card debit
Premium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly
credit card debit
Yearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.