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.
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New Zealand Herald
Reference:
280808NZHBPMONEY1
Photograph by Brett Phibbs
Permission of the New Zealand Herald must be obtained before any re-use of this image.
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