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HAS NZ DOLLAR MELTDOWN STARTED?

Posted by te2ataria on June 20, 2009

sent by a reader

Thanks to ING NZ and ANZ, which owns half of ING NZ, investors are about to lose at least 40 percent of their money

Two fraudulent funds, the ING Diversified Yield Fund (DYF) and the ING Regular Income Fund (RIF), which brought in about $700m of investors’ money at $1 a unit, are now worth about 22 cents and 19c respectively.

AND this is just the tip of banking and securities fraud iceberg in New Zealand.

dollar-nz
As Fake as Sir Ed! Your NZ dollar may soon be worth about 20 percent of its current “value.”

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Posted in banking fraud, Fox guarding the henhouse, Hanover Finance, Investing in New Zealand, The Gulf Petro-Money | Tagged: , , , , | 4 Comments »