Forestry investment scheme outside law

Saturday 14 February 2004

Warnings not to invest in a forestry scheme being promoted through unsolicited junk mail.

By The Landlord

The scheme, by Prime Forest Group, offers investment in hardwood forests in Central America. It promises returns of up to 14 percent a year.People are asked to send personal details to a London address.

But the Securities Commission says Prime Securities does not have a New Zealand registered prospectus or an investment statement as required by law.

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