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An inquiry by the New Zealand Parliament estimated losses at over $3 billion that affected between 150,000 and 200,000 depositors. [2] The most high-profile collapses were South Canterbury Finance, Hanover Finance and Bridgecorp Holdings. The collapse radically reduced the size and importance of the non-bank finance sector in New Zealand
Despite its reputation as a South Island rural lender, South Canterbury Finance had made loans to property development throughout New Zealand, Australia and Fiji. At 30 June 2009, property loans were $414.2 million. Real estate lending represented 207 loans with an average net loan value of $1.15 million.
The following is a list of governmental and public sector scandals in New Zealand.While New Zealand generally scores very well on international indices of corruption, there have been several notable high-profile scandals including cases of cover-ups relating to politics, economics, or public sector debacles, or to the private lives of individual government representatives.
The fraudsters also spoof the caller ID number of the homeowner's actual lending institution, further convincing them of the call's legitimacy, the agency noted.
For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... Amazon and other retailers face scams exploiting return policies for financial gain.
The Washington Post submitted a complaint against Coler's registration of the site with GoDaddy under the UDRP, and in 2015, an arbitral panel ruled that Coler's registration of the domain name was a form of bad-faith cybersquatting (specifically, typosquatting), "through a website that competes with Complainant through the use of fake news ...
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