Dunedin businessman Barry Kloogh walks from the Dunedin District Court on February 20, 2020, after appearing on a raft of charges following a Serious Fraud Office investigation. Failed financial adviser Barry Kloogh, who lost nearly $16 million of clients' money in a ponzi scheme, may have been investing in Bitcoin. READ MORE:* Monday thoughts: Take extreme care if investing in Bitcoin* Convicted fraudster Barry Kloogh appeals jail sentence for Ponzi scheme* Last outstanding charge against disgraced financial adviser Barry Kloogh dropped* Disgraced Dunedin financial adviser Barry Kloogh's ponzi scheme revealed* Dunedin financial advisor Barry Kloogh appears in court charged with fraudHamish McNeilly/Stuff Kloogh stands in the dock of the Dunedin District Court for sentencing on July 31, 2020. The man, who later did some contract work for the financial adviser, recalled Kloogh telling him that he was investing in Bitcoin and the returns were '’insane''. His wife Svetlana declined to comment to Stuff on her husband's financial matters including any potential involvement with Bitcoin.

Source: Stuff March 01, 2021 00:22 UTC