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Ponzi perpetrator Barry Kloogh not forced to pay reparations

Tuesday 12th of January 2021

Barry Kloogh, the failed financial adviser who stole more than $15 million from clients in a Ponzi scheme, will not have to pay reparations, the High Court has ruled.

Kloogh was sentenced in the Dunedin District Court in July 2020, to serve eight years and 10 months jail time, with a minimum non-parole period of five years and four months, but later appealed.

In an appeal court...

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