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General Business
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Moola director accused of insolvent trading

But Edward Recordon has pushed back against the allegations.

Liquidators from Waterstone Insolvency are preparing to sue the bankrupt director of controversial payday lender Moola for alleged reckless trading which caused millions in creditor losses.

But the director, Edward Recordon, has denied the allegations, saying it is "clearly incorrect" the business

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Nicholas Pointon Mon, 12 Jan 2026
Contact the Writer: nicholas@nbr.co.nz
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Moola director accused of insolvent trading
General Business,
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