16 Jun 2021

Police make largest-ever criminal forfeiture of $70 million

From Midday Report, 12:18 pm on 16 June 2021

The police have seized $70 million in cash and property linked to an international pyramid scheme, in what is New Zealand's largest-ever criminal forfeiture. The funds were the proceeds of a pyramid scheme based in China, and were sent to New Zealand to hide their illicit source. Detective inspector Craig Hamilton told Perlina Lau the seizure follows a complex, three-year investigation.