Fraud probe rocks Team NZ reeling from America's Cup spy claims

WELLINGTON - Team New Zealand on Wednesday denied misusing public money meant for next year's America's Cup yacht race, after allegations that fraudsters siphoned funds from the organisation into an offshore bank account.

Fraud probe rocks Team NZ reeling from America's Cup spy claims
WELLINGTON - Team New Zealand on Wednesday denied misusing public money meant for next year's America's Cup yacht race, after allegations that fraudsters siphoned funds from the organisation into an offshore bank account.