close
MENU
3 mins to read

Alleged Ponzi sought liquidation shortly before FMA secured assets

But doing so would have meant creditors could not have been repaid in full, receivers say.

Hamish McNicol
Mon, 12 Oct 2015

The man behind a string of companies accused of being a ponzi scheme was looking at options that would have prevented his creditors from being fully repaid just months before the FMA swooped.

In August, PwC was appointed as receiver and manager of PTT Ltd, also known as Prosper Through Trading, as

Want to read more? It's easy.

Choose your subscription

Already have an account? Login

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Individual
Group membership
NBR Marketplace

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Hamish McNicol
Mon, 12 Oct 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Alleged Ponzi sought liquidation shortly before FMA secured assets
52349
true