The country's investment watchdog is urging investors to be aware of the risks of investing with off-shore, unlicensed providers after a Bay of Plenty woman was left $7,000 out of pocket after falling for a dodgy scheme. The woman had clicked on an advert after reading an article on Yahoo! about how billionaire Sir Richard Branson had made money. But after asking to pull out of the investment, the broker refused to refund her deposit, and has since had no money returned to her. Kathryn Ryan speaks with Paul Gregory from the Financial Markets Authority about how to avoid such scams.
Recent stories from Nine To Noon
Get the RNZ app
for easy access to all your favourite programmes
