close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
3 mins to read

‘Biggest scammer out there’ pinged $6m for running pyramid scheme

Brazen offending that targeted Māori and Pasifika people leads to massive penalty, though Shelly Cullen is not in New Zealand to pay it.

Shelly Cullen.

Dita De Boni Wed, 26 Jun 2024

A woman who promoted a cryptocurrency scheme that saw 83% of the Māori and Pasifika people targeted lose their money has been ordered to pay $5.9m in the Auckland District Court.

Shelly Cullen’s penalty is the combination of a $600,000 fine – the largest ever criminal fine issued to an

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
Dita De Boni Wed, 26 Jun 2024
Contact the Writer: dita@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
‘Biggest scammer out there’ pinged $6m for running pyramid scheme
Law,
104659
true