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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
2 mins to read

Forex ponzi scheme operator pleads guilty

Kelvin Clive Wood defrauded his clients of more than $7m.

Andrew Bevin Wed, 20 Mar 2019

A foreign exchange trader has pleaded guilty to two charges related to running a ponzi scheme that defrauded his clients of more than $7 million.

Kelvin Clive Wood operated the scheme from January 2010 to May 2017, using new investors’ funds to pay other investors their reported gains or to

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Andrew Bevin Wed, 20 Mar 2019
Contact the Writer: andrew@nbr.co.nz
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Forex ponzi scheme operator pleads guilty
Law,
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