Parole Board denies early release for Ponzi schemer Barry Kloogh

Wednesday 3 December 2025 · 2 outlets · 2 reports · updated Wed 3 Dec 2025, 5:00am

In this story New Zealand Parole Board

The New Zealand Parole Board has refused early release for Barry Kloogh, ruling he remains a serious risk to the community. Kloogh was sentenced in 2020 for his role in a Ponzi scheme that defrauded investors of approximately $16 million. Victims reported significant harm, including the loss of retirement savings.

How they headlined it

5am

1. NZ HeraldWed 3 Dec 2025, 5:00am

   $15.7m Ponzi schemer Barry Kloogh remains in prison after Parole Board refuses early release (opens in new tab)

2. StuffWed 3 Dec 2025, 5:00am

   ‘You created this situation, no-one else,’ Ponzi fraudster told as parole denied (opens in new tab)