Some investors, including this retired couple, Connie and Caplan Hall, lost large sums of money when a number of finance companies collapsed between 2006 and 2008. In many instances the contracts between the investor and the company proved not to offer protection against such collapse – the relatively high interest rates offered by the companies was accompanied by a greater degree of risk than would have been the case with low-interest investments. However, in some instances investors did go to court on grounds of breach of contract.
Using this item
New Zealand Herald
Photograph by Brett Phibbs
Permission of the New Zealand Herald must be obtained before any re-use of this image.