Premium

Auckland foreign exchange broker's 'illusion' created by years of forgery and fraud

Sam Hurley
By
NZ Herald Print Editor·NZ Herald·
11 mins to read
Auckland foreign exchange broker's 'illusion' created by years of forgery and fraud
Auckland foreign exchange broker's 'illusion' created by years of forgery and fraud
When the facade was pulled away, the 'illusion' of a successful Queen St investment firm was revealed to be a director's 'dishonest, repetitive and premeditated' forgery scheme costing clients millions. Sam Hurley reports.

An Auckland foreign exchange broker forged 80 documents over two years as he desperately tried to keep his deteriorating company afloat.

It left his clients out of pocket for millions of dollars. But the true scale of the fraud may never be known, liquidators say and court documents show.

Russell

Save