05 Jul 2004

The Securities Commission has started a public education programme to help people make better investment decisions. Maori groups have sometimes been targeted by such schemes.

They are particularly concerned about fraudsters who target groups of people with common interests, such as churches and ethnic groups. Fraudsters take advantage of the trust that exists within the group to promote their schemes. One such scheme, promoted to church people, collected NZ$14 million!

Info Brochures - Get Your Copies...

The Commission has developed a series of information brochures, which have been posted on our website: www.sec-com.govt.nz.

Copies of the brochures are available from the Commission, phone 04 472 9830, email seccom@sec-com.govt.nz

See the Evidence For Yourself...

Here is the link to a recent news release which is followed by a summary of some of the recent cases of affinity fraud in New Zealand - www.sec-com.govt.nz - recent instances