FMA warns against scheme run by crypto firm

Crypto Partners claimed to be the first to launch crypto ATMs in NZ. (Image: Facebook)

Thu, 22 May 2025

This article was generated by AI with human oversight, as part of a new trial. The Financial Markets Authority (FMA) has issued a public warning about a managed investment scheme operated by Jesse Joseph Vaughan and Crypto Partners Limited (CPL).The FMA said Vaughan, the sole director and shareholder of CPL, offered investments in the scheme without holding a managed investment scheme manager licence and without providing the required disclosure, both of which are violations of the Financial Markets Conduct Act 2013.The FMA also clarified...

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