SOPHISTICATED NEW SCAMWestpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus. “Would-be investors are encountering this scam when they do internet searches for information about investments and term deposits. According to the December REINZ data, there was a big decline in December sales and prices were weaker too. Last week the listed companies in this sector lost -3.3% of capitalisation, getting on for nearly twice the overall market decline of -1.9%. Year-on-year these companies have lost -6.0% of capitalisation whereas the overall market has lost -2.3%.

Source: The Guardian January 18, 2022 03:54 UTC