$8.3mn Ponzi may have hundreds of victims: SFO

$8.3mn Ponzi may have hundreds of victims: SFO
Edwin Mitson
By Edwin Mitson Oct. 20 (BusinessDesk) - A man has appeared in Christchurch District Court accused of obtaining $8.3 million in a Ponzi scheme that prosecutors say may have caught out hundreds of people. The Serious Fraud Office says Jimmie McNicholl has been charged with one count of obtaining by deception. A second person has been charged, but has yet to appear in court.  It says that Arena Capital Limited, trading as BlackfortFX, obtained registration as a financial services provider by deception. Between May 2014 and May 2015, it i...