15 Nov 2021

Finance scheme recruiter admits to targeting single mums, Māori, pasifika

From Morning Report, 7:53 am on 15 November 2021

A Hamilton woman living in the US is openly admitting that she targets single mothers, Māori and pasifika to join a finance course that international regulators liken to a pyramid scheme.

IM Academy encourages people to sign up to expensive foreign exchange trading courses where they can offset their fees, and even make money, by recruiting others to join. 

Business reporter Nicholas Pointon has more.