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Kloogh stands in the dock of the Dunedin District Court for sentencing on July 31, 2020. But it has since emerged Kloogh claimed he had invested in Bitcoin, even offering it as a service to some investors. The cryptocurrency, which is not controlled by governments or banks, allows people to use it anonymously – unless they tell others. A source, who had known Kloogh socially for almost two decades, told Stuff that Kloogh was touting Bitcoin as a possible investment vehicle before his High St office in Dunedin was raided. The man, who later did some contract work for the financial adviser, recalled Kloogh telling him that he was investing in Bitcoin and the returns were ’insane .

Russell fildesElon muskBarry klooghMichael crosbieCompanies officeSerious fraud officeImpact enterprisesTrustee servicesJudge michaelOfficial assigneeமைக்கேல் க்ராஸ்பிநிறுவனங்கள் அலுவலகம்தீவிரமானது மோசடி அலுவலகம்தாக்கம் நிறுவனங்கள்அறங்காவலர் சேவைகள்நீதிபதி மைக்கேல்