It has since emerged that the FMA holds serious concerns that the company was running a "fraudulent scheme designed to obtain money from members of the public".
These concerns, according to a judge, arose from a complaint the FMA received that Steven Robertson was operating a "ponzi scheme" through PTT.
A report by receivers John Fisk and David Bridgman to the High Court was made public last week and said Robertson, who appears to control PTT, arranged for staff to hold directorships and shareholdings as nominees for him.
About $4.4 million had come into PTT and associated companies between June 2013 and August this year, which at this point only had $51,000 of cash, the report said.
Robertson had also accepted loans from customers and in June made inquiries about putting PTT into voluntary liquidation.
So far the receivers say that 10 claims have come in seeking $291,000 and A$39,000. There are further clients and investors who are known creditors and yet to file a claim, the report says.
The receivers also provide details of PTT's sale pitch to potential clients.
These people were led to believe that significant profits (specified at up to $50,000) could be made from a $2000 or $2500 starting amount.
A sales script attached to the receivers report says "trading FX these days is for everyone and everyone should be doing it".
The profits are large and instantaneous. You can dial in the stop losses which protects you from losses and dial in profit takes which take the profits when it's there.
"The profits are large and instantaneous. You can dial in the stop losses which protects you from losses and dial in profit takes which take the profits when it's there," the script said.
"Potential clients were also advised that should they not make a certain profit (for example, at least 20k) within a 12 month period, the entity would guarantee to refund their initial purchase amount," the receivers said.
The Herald revealed last month that a Bentley Continental and a late-model Mercedes Benz are among assets frozen as part of the FMA's probe into PTT.
That followed the Robertsons heading to the High Court seeking thousands more than the $1000 per week they were initially allowed out of the frozen assets.
They wanted $1765 a week for their mortgage, $700 for private school fees, $375 for a tax payment arrangement with IRD and $320 for finance payments on an Audi car.
The Audi is among four European cars caught in the High Court's freezing orders. A 2014 Mercedes Benz CLS 350 and 2005 Bentley Continental are also frozen.
The Mercedes has an estimated value of $85,000 and finance of $58,600. The Bentley has an estimated value of $85,000 and finance of $33,000.
Justice Anne Hinton, in her decision, said some of these items in the Robertsons' weekly budget were "extraordinary" although she allowed the family a total of $4765 for expenses and their mortgage each week until December.
Read the full PwC report on PTT here:
