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.
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Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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84% Yes
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14.7% No
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1.3% Other - I'll share below
Spring gardening tips
Dreaming of a garden bursting with colour and fresh produce? Shane Fairbairn, Ryman Healthcare’s Landscape Manager, shares his top tips to make it happen. You’ll be set to create a gorgeous, relaxing space in no time - grab your trowel, and let’s dig in.
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