2. Behind the Glamour

Maria Slade speaks to an investor who lost tens of thousands in Du Val about why she ignored the red flags.   She also talks to a former employee about Du Val’s tactics in selling both investments and houses off the plans to ordinary New Zealanders.   The Du Val Group thrived against the backdrop of the biggest housing boom New Zealand has ever seen.   But the boom couldn’t go on, and when interest rates rose, the market turned - and so did the tide for Du Val.   Brought to you by BusinessDesk with thanks to The Milford Foundation’s Brian Gaynor Business Journalism Initiative and MoneyHub.   Host, researcher, writer: Maria Slade Producer: Hamish Williams Lead Sound Design: Mick AndrewsAdditional Sound Design: Lara HealyExecutive Producers: Jane Yee and Duncan Bridgeman   https://businessdesk.co.nz/du-valSee omnystudio.com/listener for privacy information.