The Financial Markets Authority (FMA) has been criticised for their delayed response in issuing scam warnings. This is in connection to the $1 million lost by the scam victim in the case handled by Matt Goodwin below, meaning that the FMA are suggested to have contributed to the success of the scam. In trial, Matt said the case should be a ‘wake up call’ for the FMA. Read full article here.

A professional Auckland businessman has been found guilty of money laundering after he opened a Westpac account, received nearly $2 million from two scam victims, then funnelled their life savings overseas. Lead defence counsel Matthew Goodwin said his client was “foolish” rather than reckless. Read full article here.