News | Politics
29 Sep 2024 9:52
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
     28 Sep: The Government's being urged to stop the push towards forestry, in the wake of the proposed closure of the Timaru meatworks
     28 Sep: Australian Foreign Minister Penny Wong warns UN General Assembly that world is 'enshrouded in darkness'
     28 Sep: Nurses are set to join a march in Buller protesting the closure of West Coast urgent GP clinics this weekend
     28 Sep: Relaxed attitudes and stray dogs helping to spread rabies in Bali
     27 Sep: Benjamin Netanyahu declares Israel will continue fighting Hezbollah with 'full force' ahead of key address to UN General Assembly
     27 Sep: The Taxpayers Union is declaring voting rights for unelected youth councillors are undemocratic
     27 Sep: What ‘Jack and Jill’ can teach us about the (un)fairness of capital gains taxes
     Top Stories

    RUGBY RUGBY
    Coach Scott Robertson feels the All Blacks have taken a step forward in the 33-13 triumph over the Wallabies at Sky Stadium More...


    BUSINESS BUSINESS
    New Zealand exporters are making the most of our green reputation - to attract more global interest More...



     Today's News

    Cricket:
    The Black Caps have been skittled for 88 on day three of the second cricket test against Sri Lanka at Galle, on Sky Sport 9:47

    Soccer:
    Attacking midfielder Cole Palmer's scored four goals to power Chelsea to a 4-2 win over Brighton in football's English Premier League 9:47

    Rugby:
    Coach Scott Robertson feels the All Blacks have taken a step forward in the 33-13 triumph over the Wallabies at Sky Stadium 9:37

    Rugby League:
    Nathan Cleary has downplayed fears over the his fitness after he failed to finish Penrith's 26-6 preliminary NRL final win over Cronulla 9:27

    International:
    Hassan Nasrallah turned Hezbollah from an Islamist militia into a political force that will outlive him 9:17

    International:
    What happens with Trump's criminal cases if he wins the election? 9:17

    International:
    Israel 'determined to keep fighting' in Lebanon despite assassinating Hezbollah chief Hassan Nasrallah 8:37

    Health & Safety:
    More people are discovering their lung cancer diagnosis in emergency rooms, not through their GP 8:17

    Accident and Emergency:
    Police are providing support to the family of a missing snorkeller, found dead by rescue crews in Kaikoura 8:07

    Sailing:
    Day two of the America's Cup challenger series between Ineos Britannia and Luna Rossa has been timed out 8:07


     News Search






    Power Search


    © 2024 New Zealand City Ltd