Snakk Media hit by $215,000 online scam

Mon, 21 Mar 2016

By Edwin Mitson March 21 (BusinessDesk) - Snakk Media, the NXT-listed mobile advertising company, says it has become the victim of an online scam that could cost as much as $215,000. In a statement to the NZX, Snakk said the loss won't affect its ongoing operations or its investment plans for 2017. It says the company has more than $3 million in available cash reserves. Its auditor, Staples Rodway, is to investigate what happened and the company's ability to recover the funds. Snakk says its bank is pursuing the bank which received t...

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