( August 11, 2025, 03:38 GMT | Official Statement) -- MLex Summary: A second person has pleaded guilty to fraud charges in New Zealand in connection with a Ponzi scheme involving almost NZ$3.9 million ($2.32 million) and over 55 investors. In a statement, the New Zealand Serious Fraud Office said Aroha Awhinanui Tuira had entered guilty pleas to two representative charges of obtaining by deception. The plea, entered at the High Court in Christchurch, follows that of her husband earlier this month. Between May 2014 and May 2021, the couple secured funds through 104 transactions, falsely presenting themselves as experienced and well-connected investors, despite not investing the funds or operating an investment business at all, the anti-fraud agency said.The full statement by the New Zealand Serious Fraud Office follows: ...
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