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New Zealand Financial Markets Authority Publishes 2021 Annual Report

<p><span>The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko&nbsp;</span><span>- has today published its&nbsp;<a target=" blank" href="https://www.fma.govt.nz/assets/Corporate-Publications/Annual-Report-2021.pdf" rel="noopener noreferrer" title="Our annual reports detail the results we have achieved against our stated intentions. These results then feedback into our next cycle of direction-setting, planning, implementation and review. Our annual reports are a great way to review our operational highlights for each financial year.">annual report for the year to June 2021</a>.</span></p>

Business Scoop » FMA Publishes 2021 Annual Report

Businessman Steven Robertson who orchestrated a $10m Ponzi scheme loses final appeal bid to Supreme Court

Businessman Steven Robertson who orchestrated a $10m Ponzi scheme loses final appeal bid to Supreme Court 10 May, 2021 05:42 AM 5 minutes to read Trader Steven Robertson has failed to have his minimum period of imprisonment quashed. Photo / Jason Oxenham Trader Steven Robertson has failed to have his minimum period of imprisonment quashed. Photo / Jason Oxenham An Auckland trader behind a $10 million Ponzi scheme has lost a final bid with the Supreme Court to be freed from a prison cell sooner. Steven Robertson, who once claimed he was as good as John Key , misappropriated millions of dollars from his clients to fund a lavish lifestyle of European cars, travel by private helicopter and jet, luxury weekend getaways, and jewellery.

Fraud victims receive some stolen money back

Fraud victims receive some stolen money back © RNZ / Anneke Smith Victims of a fraudster, who spent their money funding his extravagant lifestyle, will get about 60 cents back for every dollar stolen from them. Steven Robertson was sentenced im 2019 to six years and eight months in prison, with a minimum non-parole period of three years and four months. Photo: RNZ / Anneke Smith Steven Robertson stole $1.2 million and roughly $AU270,000 between 2009 and 2015 while operating several companies that sold software that purported to help people trade. The software was not easy to use and when confronted with disgruntled investors Robertson offered to trade on their behalf.

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