David Hobbs to pay penalty and disqualified permanently

    By
    Kalino Latu
    -

    The New Zealand notorious David John Hobbs, who was accused of defrauding more than a Milion dollar invested by the Tongan Tokaikolo Church in his $30 million Ponzi scheme, has been ordered by a New South Wales Court last Thursday to pay $500,000, and received a permanent disqualification from managing any financial services and corporations….

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