An Auckland foreign exchange broker has been charged with fraud after investors lost more than a million dollars each
An Auckland foreign exchange broker has been charged with fraud after investors lost more than a million dollars each
23 October 2018
Kelvin Wood entered no plea and has been remanded on bail after appearing in the Auckland District Court on charges brought by the Serious Fraud Office.
It's alleged he used new investors' money to pay what was owed to others, losing at least seven million dollars over an eight-year period.
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