6 Apr 2021

Proliferation in online financial and cryptocurrency scams

From Nine To Noon, 9:08 am on 6 April 2021
Gold bitcoin and stacked dice -- cryptocurrency investing and risk concept

Photo: 123RF

The Financial Markets Authority says it has issued 30 per cent more warnings in relation to scams so far this year, compared to last year.

The FMA already issued 19 alerts this year, in an effort to prevent people from investing in financial products or services that aren't registered or regulated, and are suspected of being fraudulent.

Kathryn discusses with Ronji Tanielu, a policy analyst with the Salvation Army who says he's seen a lot of damage in the communities he works with caused by money scams;  Alex Sims, an Associate Professor at the University of Auckland and Liam Mason from the Financial Markets Authority, Liam Mason.


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