Barry Kloogh. Photo / ODTA few investors have retrieved some of the money stolen from them by imprisoned Dunedin financial adviser Barry Kloogh. Instead, Kloogh was stealing their money to fund his expensive lifestyle and pay out clients to keep the Ponzi afloat. However, that left an estimated more than $12 million of stolen money still outstanding, the Official Assignee said. "Investigation and analysis of a property sold by two trusts associated with the director (Kloogh) is also continuing.

Source: New Zealand Herald June 09, 2021 20:48 UTC