The scheme was an investment system promising high returns and was advanced to victims by a broking operation. New Zealand victims lost some NZD 2 million.

Sheridan Leslie Cox, renowned worldwide fraudster believed to have benefited illegally in the amount of $400 million through boiler room fraud operations in Europe, Thailand and Taiwan.

“Leewarden is coordinating the distribution of $8.25m in seized assets to wga victims owed $23m.”