FMA defends disclosure on ponzi action
Liquidators blocked from absorbing money taken in week before regulator disclosed asset freeze.
See also: Ponzi investors 'refusing to speak' to liquidators
The Financial Markets Authority says it could not immediately reveal its legal action against a Christchurch ponzi scheme because it needed to ensure assets were not transferred.
Arena Capital, trading as BlackfortFX, was hit with asset
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Tim Hunter
Tue, 23 Feb 2016
Tue, 23 Feb 2016
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FMA defends disclosure on ponzi action
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