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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
7 mins to read

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.

Maria Slade Thu, 09 Mar 2023

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,

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MFC Club pyramid scheme ripped off their own, investors claim
General Business,
98083
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