New Zealand company New Image Group is the supplier of the bogus fuel economy product behind Australia’s biggest stock fraud. And New Image is still selling it!
Read more...My last pop at New Zealand’s regulatory set-up mentioned New Image International, the company that uses multi-level marketing techniques to sell Colostrum as a miracle cure. The New Image product pitch is a generic hoax, as explained last time out:
…major warning signs include:
Read more...
New Zealand is playing host to the sort of large scale miracle cure scam that would get investigated for wire fraud in the US. One company even has a New Zealand stock exchange listing!
Read more...By Richard Smith
The little story NC carried a couple of months ago about New Zealand scam companies has come out from behind the paywall, courtesy of the NZ Herald (hat tip: John G.). We hinted at the time that the problem’s large and nasty, and the NZ Government admits this in a cabinet paper:
Read more...More old and new delights from the little shop of horrors that is the New Zealand Company Registry
Read more...Written answers requested in New Zealand’s Parliament, triggered by reporting of the NZ companies register from Naked Capitalism and the NZ National Business Review
Read more...Introducing Scam Central of New Zealand…
Read more...…which is not good news for honest New Zealand investors trying to do a due diligence exercise; nor for the New Zealand Ministry of Economic Development’s reputation, if it has one…
Read more...