Competing Views – RAMIG and the FMA

The following two opinion pieces appeared on the same page of the Dominion Post 16/11/13, the day after Ross was sentenced, but both were written several days before.

The FMA opinion piece contains another apology from Sean Hughes, chief of the FMA.  He also states “no regulatory framework is a perfect foil to misconduct”. Read here

The RAMIG opinion piece highlights the regulatory failure that has occurred and the urgent need for the authorities to show some lead on how to fairly unwind the mess. Read here

Ross Sentencing 15/11/13

Coverage of the sentencing of David Ross 15 November 2013.

NZ Herald – David Ross gets 10 years, 10 months jail Read story

NBR – David Ross dished out record jail-time over Ponzi fraud Read story

Dominion Post – Fraud victims lash out at David Ross Read story

TVNZ One News View story

3News View story

Radio NZ Nine to Noon Listen

Radio NZ Checkpoint Listen

Radio NZ Checkpoint SFO response Listen PS we hope to meet with the SFO soon to discuss the points made here

 

 

Investor who knew Ross feels devastated

A man who knew David Ross for nearly 50 years and lost over $1.6 million he entrusted to him thinks any sentence Ross receives on Friday will ultimately be a waste of time.  ”John”, a 63-year-old from Christchurch who did not want to be named, went to high school with Ross, also 63, and has known Ross’ wife Jillian nearly all his life. Read More