FOX— Disgraced former NBC host Matt Lauer could lose out on a multimillion-dollar ranch he purchased in New Zealand after a series of sexual misconduct allegations.
Lauer and his wife, Annette Roque, purchased a sprawling 16,000-acre sheep and cattle ranch called “Hunter Valley Station” last February. The property, which is located on New Zealand’s South Island, is worth $9.1 million, according to the New Zealand Herald .
However, New Zealand’s Overseas Investment Office, which oversees attempts by foreign investors to purchase property in the country, mandates that individuals involved in such transactions maintain “good character.” An OIO spokesperson told FOX Business that the agency is “aware that allegations have been made in relation to Matt Lauer” and has contacted his representative for further information on the situation. read more