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New Zealand charges loan shark Ilaisaane Malupo for unauthorized high-interest lending to Tongan community.
The Commerce Commission in New Zealand has charged Ilaisaane Malupo, operating as Nane Easy Loan Finance Services NZ, for providing unauthorized loans with high interest rates to the Tongan community in South Auckland since March 2024.
Malupo allegedly charged up to 15% weekly interest and $10 daily late fees, threatening borrowers with public shaming if they failed to repay.
She faces up to 12 months in jail and a NZ$100,000 fine for operating without registration.
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Nueva Zelanda acusa al tiburón prestamista Ilaisaane Malupo por otorgar préstamos no autorizados con altos intereses a la comunidad tongana.