Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag A Christchurch couple, Alex and Aroha Tuira, were jailed for running a $3.9 million Ponzi scheme that defrauded over 55 mainly Māori investors from 2014 to 2021.

flag A Christchurch couple, Alex and Aroha Tuira, were sentenced to prison for a $3.9 million Ponzi scheme that defrauded over 55 investors, mainly from Māori communities, between 2014 and 2021. flag They falsely claimed to be experienced investors, using funds from new investors to pay earlier ones and spending money on personal expenses, including travel. flag The Serious Fraud Office uncovered the scheme after search warrants in 2021, leading to guilty pleas that spared victims a trial. flag Alex Tuira received a six-year, four-month sentence, and Aroha Tuira was sentenced to five years, two months. flag Victims reported severe financial and emotional harm, with some losing homes. flag The case underscores the dangers of deceptive investment schemes targeting vulnerable communities.

3 Articles