Tongans are among those losing significant amounts of money to a Ponzi-style investment scam, currently circulating in Tonga, New Zealand and the USA, warns New Zealand's Financial Markets Authority (FMA) and the National Reserve Bank of Tonga.
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Results for Financial Markets Authority (FMA)
Monday 9 February 2026
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Auckland, New Zealand
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Monday 18 April 2016
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Tongan resident, Christopher Pedras, also known as Antone Thomas Pedras, may face deportation from Tonga after an extradition hearing took place in Nuku’alofa on March 29. The US Securities and Exchange Commission’s enforcement division wants Pedras removed from Tonga to face fraud charges including an alleged $8 million Ponzi scheme.
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