April 09, 2026

#national: FMA Sounds Alarm Over Fake News Investment Scams Targeting Kiwis

Matthew Tukaki Posted On April 9, 2026

New Zealand’s financial watchdog is warning investors to be on high alert as scammers increasingly use fake news articles and impersonation tactics to lure people into fraudulent trading platforms.

The Financial Markets Authority says a growing number of scams are using fabricated media stories featuring well-known politicians, business leaders and public figures to appear credible and entice unsuspecting investors.

These fake articles are often designed to look like legitimate news websites, promoting so-called investment opportunities that promise quick and easy returns. Victims are then directed to online trading platforms that appear professional but are ultimately set up to steal money.

Authorities say the tactics are becoming more sophisticated, with scammers combining fake endorsements, social media advertising and direct messaging to build trust before convincing people to invest.

Once individuals sign up, they may initially see fake profits to encourage further deposits. However, when they attempt to withdraw funds, they are often asked to pay additional fees or are blocked entirely, with no money returned.

The FMA says the rise in these scams reflects a broader trend, with fraudulent trading platforms and impersonation schemes continuing to evolve and target New Zealanders.

Investors are being urged to exercise caution, particularly when encountering investment opportunities promoted through social media or unsolicited messages. Red flags include promises of guaranteed returns, pressure to act quickly, and requests for personal or financial information.

The regulator is advising people to verify any investment opportunity through official channels and to avoid clicking on suspicious links or transferring money without thorough checks.

As scam activity continues to grow, the warning highlights the importance of vigilance, with authorities stressing that even convincing-looking content can be part of a coordinated effort to defraud investors.