Commerce Commission


PHOTO: TOM PULLAR-STRECKER/STUFF The Commerce Commission said claims made by Peter Lee couldn’t be backed up.

An Auckland property trader whose business was based on buying properties at less than market value has been warned by the Commerce Commission for his claims – including that sellers could save money by dealing with his business.

The commission said claims made by Peter Lee and PWG Limited, of which Lee is the sole director could have breached the Fair Trading Act.

Lee was found to have made unsubstantiated claims publicly and on his company’s website, including claiming properties were sold for “fair market value” when the business was premised on purchasing property for less than fair market value.



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