News | Politics
29 Jun 2024 7:49
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Politics

    A woman's been ordered to pay almost six-million-dollars, for her involvement with a pyramid scheme which saw 83 percent of participants worldwide lose money

    A woman's been ordered to pay almost six-million-dollars, for her involvement with a pyramid scheme which saw 83 percent of participants worldwide lose money


    Shelly Cullen promoted and benefited financially from a global cryptocurrency-based scheme called 'Lion's Share'.

    An Auckland District Court Judge labelled the offending at the top of the scale, and handed down a 600-thousand dollar fine and ordered reparation of 5.3-million dollars she gained through the scheme.

    Commerce Commission Deputy Chair, Anne Callinan, says the commission is very pleased that the significant sentence reflects the level of harm caused by pyramid schemes.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     29 Jun: There won't be any radical changes to local body voting in Auckland for next year's election
     28 Jun: Is Macron pushing France toward a ‘strange defeat’?
     28 Jun: A warning for residents to be wary of their water heating systems
     28 Jun: New Delhi's poor desperate for a drink as a monster heatwave and 'tanker mafia' combine
     28 Jun: Wellington City Council has passed its decade-long spending blueprint - nine votes to seven
     27 Jun: Meanwhile Auckland Council has given its Long Term Plan the final sign off
     27 Jun: Whistleblowing is on the rise
     Top Stories

    RUGBY RUGBY
    England coach Steve Borthwick remains on high alert regarding the All Blacks ahead of their upcoming test series in New Zealand - despite the hosts' new-look coaching staff More...


    BUSINESS BUSINESS
    Increased freighting costs may see consumers paying higher prices at the checkout More...



     Today's News

    Health & Safety:
    A study shows over 200,000 adults struggle with eczema in New Zealand -- however treatment is limited 7:47

    Business:
    Increased freighting costs may see consumers paying higher prices at the checkout 7:37

    Politics:
    There won't be any radical changes to local body voting in Auckland for next year's election 7:27

    International:
    The Tour de France's first doping scandal, 100 years on 7:27

    Rugby League:
    A thrilling end to an NRL nail-biter in Sydney 7:17

    International:
    Israel's bombs flatten parts of South Lebanon village amid fears of wider war 7:07

    Rugby:
    England coach Steve Borthwick remains on high alert regarding the All Blacks ahead of their upcoming test series in New Zealand - despite the hosts' new-look coaching staff 7:07

    Health & Safety:
    Kiwis are being urged to put down the booze for the month, to raise money for cancer 6:27

    Environment:
    There's been an earthquake of 7.2 magnitude near the coast of central Peru, 18 kilometres deep 21:57

    Business:
    Australia's channel Nine Entertainment has become the third Australian publisher to announce mass lay-offs in the past four weeks following the loss of a lucrative content deal with Meta and a slump in the advertising market 21:17


     News Search






    Power Search


    © 2024 New Zealand City Ltd