The investigation and prosecution of fraudster David Ross has cost taxpayers about $100,000 in legal fees, not including “significant” staff time at two government agencies. Read More
Listen to Bruce Tichbon (RAMIG), followed by John Fisk (PwC). Contains some useful update information. Listen to the interviews (about 4 minutes duration).
Investors who lost more than $115 million to fraudster David Ross are facing a $330,000 bill for his legal representation. Read More
Some interesting information here. Naturally, the Ross debacle gets mention, how could the FMA not mention it? Read the presentation.
The value of a parcel of shares being sold for the benefit of fraudster David Ross’s victims has halved while receivers work through a process they say has “not been straightforward”.
The shares were only discovered after a Fairfax Media report found the DRG Ross Family Trust, of which the Ross children were the beneficiaries, held shares in the company. Read more