NZ authorities carry fees in opposition to couple for working $4.1 million Ponzi scheme

A Christchurch couple is dealing with Critical Fraud Workplace (SFO) fees for allegedly working a $4.1 million Ponzi scheme utilizing funds obtained from greater than 60 buyers, New Zealand’s SFO introduced at present.

Thomas Alexander Kokouri Tuira (also called Alex Tuira) and Aroha Awhinanui Tuira every face 115 fees of acquiring by deception.

Mr and Mrs Tuira claimed to be skilled buyers who managed funds in addition to providing monetary recommendation and monetary literacy coaching by way of their firms Ngākau Aroha Investments Restricted and Energy To Me Aotearoa Tapui Ltd.

The SFO alleges that between 2014 and 2021 the defendants exploited their purchasers’ belief to acquire funds which weren’t invested legitimately, however as an alternative used to pay different buyers in a Ponzi-type scheme or used for private and enterprise bills.

They’ve pleaded not responsible to all fees and have been remanded on bail. Their subsequent look is scheduled for 20 July 2023 at Christchurch District Courtroom.