NZ promotor of global pyramid scheme convicted on five charges

(Image: Getty)

Tue, 23 Apr 2024

The New Zealand promoter of a global pyramid scheme boasted she would make history as one of the country’s biggest-ever scammers.Shelly Cullen has been found guilty in the North Shore district court of five charges under the Fair Trading Act (FTA) related to a worldwide cryptocurrency scheme called “Lion’s Share”.Cullen will be sentenced at a later date.The Commerce Commission's fair trading general manager, Vanessa Horne, said it was one of the biggest pyramid schemes it had seen in NZ. This case was a particu...

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