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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Shoeshine
7 mins to read

Scams slip through New Zealand’s many regulatory cracks

ANALYSIS: Despite investment dodges being on the rise, there is no political will to set up a one-stop-shop scam agency.

NBR senior journalist Maria Slade speaks with Nicholas Pointon.

Maria Slade Mon, 27 Mar 2023

MFC Club promised its mainly Chinese New Zealand members they would double their money when they invested in its convoluted system of ‘orbs’, ‘M-Credits’, and ‘World Crypto Gold’.

Underlying the gamified product were shares in the Malaysian MBI empire of hotels, shopping malls, and

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Contact the Writer: maria@nbr.co.nz
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Scams slip through New Zealand’s many regulatory cracks
Shoeshine,
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