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

Ponzi scheme operator sentenced to six years in jail

Forex trader Kelvin Clive Wood defrauded his clients of more than $7 million.

Andrew Bevin Wed, 24 Jul 2019

A foreign exchange trader has been sentenced to six years and three months imprisonment for running a ponzi scheme that defrauded his clients of more than $7 million.

He was convicted and sentenced in the Auckland District Court this morning and will serve a minimum imprisonment period of two

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Andrew Bevin Wed, 24 Jul 2019
Contact the Writer: andrew@nbr.co.nz
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Ponzi scheme operator sentenced to six years in jail
Law,
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