Earlier warnings about Nelson ‘ponzi’ accused

Investors were being warned by the Securities Commission as early as October 1999 against dealing with alleged Ponzi-scheme mastermind David John Hobbs, of Nelson.Back then Hobbs and his cronies were offering clients of Hobbs-directed Consolidated Securit

Jock Anderson
Thu, 15 Apr 2010

Investors were being warned by the Securities Commission as early as October 1999 against dealing with alleged Ponzi-scheme mastermind David John Hobbs, of Nelson.

Back then Hobbs and his cronies were offering clients of Hobbs-directed Consolidated Securities returns “as great as 13% per

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