The film was made by the Commission for Financial Capability to show how scam victims suffer after being duped. Chinese New Zealanders have been told not to believe warnings from conmen that reporting investment scams will land them in hot water with the authorities. The Financial Markets Authority (FMA) believes scams targeting Chinese New Zealanders are being under-reported, but urged people to come forward, saying it has multi-lingual staff able to listen to complaints in Mandarin and Cantonese. Last year the FMA received almost 200 reports of scams and fraud, but only a handful of complaints were from Chinese New Zealanders, he said. “That’s despite a 2020 FMA survey finding around one in five Chinese New Zealanders had been approached about a potential investment scam,” he said.

Source: Stuff February 16, 2021 22:30 UTC