David Ross, the man behind the single biggest fraud in New Zealand’s history, has lost his bid to have his “unreasonably crushing” minimum jail term reduced. Read More
You can read a copy of the judgement here: especially about Mr Ross’s ‘remorse’.
And it wasn’t just the mo, or outrage over his sentence appeal, that sparked such an adverse reaction.
But ever since Ross hit the headlines over 18 months ago, regulators have been working hard to prevent his ponzi ghost from reappearing. Read More
Fraudster David Ross will emerge from his prison term “with nothing”, his lawyer has told the High Court – but actually it would seem he has a newly bought $725,000 house waiting for him. Read More
A useful comparison of the different sentences given to some of the recent white collar fraudsters in NZ
Hamish Fletcher for the NZ Herald 11 June 2014
The length of David Ross’ minimum non-parole period is “crushing” says his lawyer, who applied to the Court of Appeal for it to be reduced.
Anger from Ross’ out-of-pocket victims is still very raw as one of the country’s biggest fraudsters appealed against the minimum sentence he must serve in jail before becoming eligible for parole. Read More
A chilling insight into the problems of the liquidation of Strategic Finance. RAM victims must work hard to avoid being treated the same way.
Chalkie is written by Tim Hunter deputy editor of the Fairfax Business Bureau
OPINION: An unfortunate weakness of our legal system is to treat investors like children in a Dickensian orphanage, told to run off and play up chimneys while their guardians divvy up their inheritance.
The investors’ patronised status was highlighted by the $22 million settlement announced last week over the collapse of Strategic Finance. Read More