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.
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
-
60.8% Yes, supporting people is important!
-
23.8% No, individuals should take responsibility
-
15.4% ... It is complicated
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
-
9.7% For. Self-service is less frustrating and convenient.
-
43.2% I want to be able to choose.
-
47.1% Against. I want to deal with people.
Loading…
