The Erosion of Trust: How COVID-19 Support Schemes Paved the Way for a New Era of Digital Fraud Over $250,000 in fraudulently claimed Covid-19 support funds in New Zealand, involving forged documents, defunct companies, and exploited familial trust – these aren’t isolated incidents. They represent a chilling preview of a future where sophisticated fraud, enabled … Read more
The pandemic unleashed a lot of things – sourdough starters, Tiger King mania, and apparently, a surprising amount of wage subsidy fraud. A Wellington woman has been sentenced to 20 months in prison after fraudulently obtaining $28,118.40 through the Covid-19 Wage Subsidy Scheme, using her own name and the names of ten others, including individuals … Read more
Independent Review Launched into Reserve Bank’s Pandemic Monetary Policy New Zealand’s Finance Minister, Nicola Willis, has announced an independent review of the Reserve Bank of New Zealand’s (RBNZ) monetary policy decisions made during the COVID-19 pandemic. The inquiry, revealed on Tuesday, aims to assess the effectiveness of the RBNZ’s response to the unprecedented economic challenges … Read more