Markets

In crypto-space, no one hears your complaints

David Chaplin
Wed, 06 Jan 2021

My dream of launching the world’s multi-Ponzi funds came to nought in 2020.The lift pitch was simple: First-In First-Out Funds identifies early-stage Ponzi schemes across the world targeting a fast revolving-door investment strategy.Despite receiving some interest from certain successful internet entrepreneurs (you wouldn’t recognise their names), FIFO remains on ice for now due to some minor regulatory issues. Allegedly, the FIFO product as described in the draft product disclosure statement would not be suitable for retail in...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation FREE

Stuff's secret shutdown deadline revealed

Victoria Young | Thu, 28 Jan 2021

Release of redacted judgment shows how close media company came to closing.

Listed Companies

Trustpower toys with selling its customer base

Staff reporters | Thu, 28 Jan 2021

Trustpower is the latest Infratil-controlled asset under review.

Property FREE

Auckland, Wellington rentals now pricier than Sydney

Brent Melville | Thu, 28 Jan 2021

Rental prices are keeping pace with house prices, and tenants in Auckland and Wellington are bearing the brunt.

In crypto-space, no one hears your complaints

Not convinced yet?

Your company has a subscription

Team