Barry Kloogh’s Ponzi victims to get 2 cents in the dollar

Barry Kloogh was jailed for his offending. (Image: NZME)

Tue, 19 Sep 2023

The 81 victims of disgraced Dunedin financial adviser Barry Kloogh, who lost more than $16 million in his Ponzi scheme, have been all but financially wiped out as liquidators pick over the remains of his Financial Planning entity. The Official Assignee’s latest report on its liquidation of the firm shows it’s clawed back $430,564.60 from the O’Neill Devereux Solicitors trust fund after a May high court decision in Dunedin worked out how much of the family trusts’ funds hadn’t been tainted by Kloogh&r...

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