Dom Post – Receiver chasing ‘over $25m’

February 2 2015  The receiver of Ross Asset Management is “reluctant” to put a number on the millions of dollars it is seeking to claw back from former investors.  But the figure is “certainly” more than the previously reported $25 million, and could potentially result in a “substantial” sum. Read More

Dom Post – David Ross $220,000 legal bill ‘reasonable’

December 12 2014

An independent barrister has found David Ross’s $220,000 legal bill “reasonable”, after receivers had queried the figure.

The investigation and prosecution of Ross cost taxpayers about $100,000 in legal fees, not including “significant” staff time, at the Serious Fraud Office and Financial Markets Authority.  The SFO had spent about $15,000 on external legal fees from August last year, while FMA’s bill had reached $84,000 since October, 2012. Read More