Tag: ponzi scheme

Ponzi schemer’s repayment offer ‘ridiculous’

July 3, 2018 | By More
Ponzi schemer’s repayment offer ‘ridiculous’

A $8.3 million Ponzi schemer’s offer to pay reparation to his hundreds of victims – when he gets a chance – has been rejected with scepticism from the Crown and the judge.

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Role in $8.3m Ponzi scheme admitted

May 10, 2018 | By More
Role in $8.3m Ponzi scheme admitted

A Christchurch man has admitted his role in an $8.3 million Ponzi scheme that drew in 900 investors.

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Ponzi schemer’s jailing leaves victims wondering

March 23, 2018 | By More
Ponzi schemer’s jailing leaves victims wondering

Ponzi schemer Paul Clifford Hibbs has gone to jail for eight years for his $17.5 million frauds with victims still wondering if he has assets hidden away.

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Ponzi-scheme sentencing delayed

February 7, 2018 | By More
Ponzi-scheme sentencing delayed

Liquidators of two companies run by Ponzi schemer Paul Clifford Hibbs want to have a say at his sentencing about efforts to recover any of the lost $17.5 million.

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Custody remand for $17.5m Ponzi schemer

October 11, 2017 | By More
Custody remand for $17.5m Ponzi schemer

Paul Clifford Hibbs is in jail awaiting sentence after admitting running a Ponzi scheme that took $17.5 million – much of it from elderly victims.

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Company in alleged ponzi investigation liquidated

November 24, 2016 | By More
Company in alleged ponzi investigation liquidated

A company being investigated by the Serious Fraud Office as a possible ponzi scheme has been placed in liquidation in the High Court at Christchurch.

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