“Bad investments and bailouts” have wiped almost half the value off Taupo tribe Tuwharetoa’s $66-million share of the “Treelord’s” treaty settlement, the Dominion Post reported today. (1) Ngati Tuwharetoa is the second tribe to admit to losing millions in settlement spoils. About a year ago, Taranaki's Ngati Tama reported it lost its $14.5-million payout it received in 2003, also in “bad investments”.
