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Kloogh investors told they will only get 2c in the $1 back

Wednesday 20th of September 2023

Kloogh was sentenced to eight years and 10 months’ jail in July 2020.

He admitted 11 representative charges, including obtaining by deception, forgery, theft by a person in a special relationship and issuing false statements. Investors had about $16 million in the scheme.

His firm, Financial Planning Ltd, and Impact Enterprises Ltd, were placed into liquidation in 2019.

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