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: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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80.1% Yes! It's better to regift what I don't need
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19.9% No. It's the thought and effort that matters
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