Financial adviser under SFO spotlight hiding in plain sight
Where in the world is Barry Kloogh?
That's the question out-of-pocket investors have been asking since investigators raided the financial adviser's business in May.
They have since discovered that two of his companies – Financial Planning Ltd and Impact Enterprises Ltd – have been liquidated, owing more than $12.5 million.
The investigation – led by the Serious Fraud Office (SFO) – has so far raised more questions than answers for anxious investors who fear they have lost everything in an apparent Ponzi scheme.
Stuff went looking for clues with the aim of asking what happened to their money. Stuff found him hiding in plain sight on Tuesday – in a modest rental home in Dunedin, with two luxury cars parked outside.
Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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73.1% We work hard, we deserve a break!
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16.2% Hmm, maybe?
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10.7% Yes!
Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬
How many balls of string does it take to reach the moon?
(Peter from Carterton kindly provided this head-scratcher ... thanks, Peter!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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