The Case of the Kiwi Con Man and the Courage to Act

A case from New Zealand underscores the power of every individual to be the hero who shuts down these engines of misery.

Hundreds of Ponzi schemes are operating as I write this. If you live within fifty miles of a city of any size there are dozens operating close to you. The chances are that you lay eyes on either a fraudster or one or more of his or her victims every day. Those scams will collect more victims today and tomorrow and every day until they eventually collapse. The sooner they are shut down the more people will be spared penury in their old age. A case from New Zealand underscores the power of every individual to be the hero who shuts down these engines of misery. TVNX (more…)

Kiwi Ponzi

There are no threats faced by American investors that aren’t also faced by Irish, Russian, or Australian investors.

Forty-seven percent of our regular readers live outside the United States. We love that; it helps us spread the lessons of vigilant investing across the globe. There are no threats faced by American investors that aren’t also faced by British, Russian, Chinese, Canadian, or Australian investors. This week, we learned of an alleged scam in a country we’ve yet to cover: New Zealand.  According to stuff.co.nz: (more…)

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