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A Tongan man admitted to illegally running unregistered high-interest loans in South Auckland, charging up to 15% weekly and threatening borrowers, prompting a call for victims to come forward by April 3, 2026.
Ilaisaane Malupo, operating as Nane Easy Loan Finance Services NZ, has admitted to illegally providing unregistered personal loans to members of the Tongan community in South Auckland, charging up to 15% weekly interest and imposing late fees of $10 per day.
The Commerce Commission says borrowers faced threats of public exposure on social media and community platforms, with some forced to sell belongings or skip rent.
Malupo violated the Financial Service Providers Act by failing to register and destroying records, complicating efforts to identify affected individuals.
The Commission is urging borrowers to come forward by April 3, 2026, for potential compensation.
Un hombre tongano admitió operar ilegalmente préstamos de alto interés no registrados en el sur de Auckland, cobrando hasta un 15% semanal y amenazando a los prestatarios, lo que provocó un llamado a las víctimas para que se presentaran antes del 3 de abril de 2026.