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25.06.2018 - 08:49 [ New Zealand Herald ]

China pyramid-scheme probe: Xiao Hua Gong charged in Canada, NZ police freeze nearly $70m

Nearly $70 million in New Zealand bank accounts has been frozen as part of a global investigation into a wealthy Chinese businessman accused of running a massive pyramid scheme from Canada.

Xiao Hua Gong has built a business empire in Toronto including a hotel chain and television channels, as well as attending fundraisers for Canada’s Prime Minister Justin Trudeau and donating to the governing Liberal Party.