Namedropping Chch Ponzi Scheme Duped Investors Out of $4m

Couple behind $4m ponzi scheme claimed to rub shoulders with world’s elite

Alex and Aroha Tuira told grand stories of rubbing shoulders with the rich and famous as they sat atop a $20 million business empire. It was all a lie.

Namedropping Chch Ponzi scheme duped investors out of $4m

Thomas Alexander Kokouri Tuira, known as Alex. Photo: LINKEDIN For more than seven years the Tuiras purported to operate an investment business out of Christchurch, raising more than $4m from investors hoping for high returns. However, none of the money was being invested and instead went to fund the couple's lifestyle and repay other investors. RNZ National Crime Correspondent Sam Sherwood reports.

Meet the Tuiras: How NBA legend Michael Jordan was unknowingly used by a couple as part of a $4m Ponzi scheme

The Tuiras claimed they were operating an investment business out of Christchurch, but none of the money was invested and was instead used to fund the couple's lifestyle and repay other investors.

How Two “Investors” Fooled 55 People from New Zealand for Seven Years

A married couple has admitted their role in running a Ponzi scheme that defrauded $3.9 million from more than 55 investors over seven years, with prosecutors saying the pair specifically targeted New Zealand's Māori community.New Zealand Couple Admits Role in $4M Ponzi Scheme Aroha Awhinanui Tuira pleaded guilty today (Monday) to two charges of obtaining by deception in Christchurch High Court. Her husband, Thomas Alexander Kokouri Tuira, known …