Con man who fleeced millions of dollars dies in self-declared 'kingdom'
Key points
- Noah Musingku, a con man who took millions of dollars from investors across the South Pacific, has died in his self-declared kingdom in southern Bougainville. A death notice posted online said he had been ill for more than three weeks.
- Musingku ran the U-Vistract Ponzi scheme from the late 1990s, promising 100 per cent monthly returns. After authorities moved against him, he declared himself King Peii II in his home village of Tonu.
- An investor and a constitutional lawyer said the money was gone and few payouts are likely.
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