Page last updated: 16 November 2021

Real life scam stories

Below are real stories of everyday Kiwis who lost money to investment scams – but took positive action by reporting it to the FMA and then sharing their stories so others can see what scams look like.

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12 November 2018

Beware boiler room scams: John’s story shows how scammers target investors

John was contacted by an Asian research company doing a survey of New Zealand businesses. A week later, he received another call. This time it was from a trading company based in China asking if he wanted to purchase pre-IPO shares in Alibaba Group.