Australian crypto investor fined $350k for OIO breach
Judge notes 'need for specific deterrence' after $4.5m Hawke's Bay land deal.
The 91ha property in northern Hawkes Bay featured an olive grove.
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An Australian crypto investor and his New Zealand accomplice have been fined $440,000 for breaching the Overseas Investment Act in buying 91ha of Hawke's Bay land.
In a High Court judgment from December released this week, Justice Layne Harvey said Daniel Robert Klaus had shown “a pattern of
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