News

Lawyer ran Ponzi scheme

Monday 6th of October 2014

John David Milne today pleaded guilty in the Christchurch District Court to 34 Crimes Act charges.

They relate to Milne eliciting money from clients or associates on the premise that he would invest that money and pay them a return on their invested funds.

Milne’s activity had hallmarks of a Ponzi scheme as he had been paying investors from funds received for investment from other...

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