Ponzi / Pyramid

He told the court he was good with money. The ledger told the rest.

For more than two decades, Barry Kloogh sat across from Dunedin retirees and told them their money was working. It wasn't. The Serious Fraud Office put the loss at $15.7 million. The liquidator now says recovery will be roughly two cents per dollar invested.

By Elena Ruiz · Jun 3

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Crypto

The four-star general she loved for five years was a folder of stolen photos.

Over five years, a New Zealand woman sent roughly $800,000 NZD to a man she believed was a retired American four-star general. He was a character built from stolen photos, AI-generated images, and a forged court document. Police in Dunedin say the investigation is ongoing.

By Nico Reyes · May 13

He told the court he was good with money. The ledger told the rest.

The four-star general she loved for five years was a folder of stolen photos.

See the pitch they're running today.

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