RAM liquidator John Fisk states the ‘situation is dreadful for investors’ and talks of a return moving up to 25-30c in the dollar but dependent on many factors. He also states the recovered money”comes back into Ross Asset Management”. Listen here
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Get over it judge tells Ross Asset investor
Dominion Post COLLETTE DEVLIN Last updated 17:48, June 3 2015
An investor in Ross Asset Management who is being pursued for hundreds of thousands of dollars in a “clawback” claim by liquidators is still trying to keep his name secret. Read more
Ross Asset Management liquidators seek $954,000 investor withdrew in test case
NBR Monday March 23 2015
Liquidators of the Ross Asset Management group of companies, found to be a Ponzi scheme, are looking to claw back $954,000 one investor withdrew before the scheme collapsed, in the first of three test cases. Read more
Investor can’t repay funds, court told
Radio NZ 23 March 2015
The High Court in Wellington has been told an investor who profited from the country’s largest ponzi scheme doesn’t have the money to repay a liquidator. Read More
RAM investor ‘received more than invested’
Dominion Post Last updated 05:00, March 24 2015 COLLETTE DEVLIN
A Ross Asset Management investor who put in half a million dollars, received almost as much back in “fictitious” profits, according to lawyers for RAM’s liquidator. Read More
Case against Ross Asset Management investor begins
Dominion Post Last updated 14:31, March 23 2015
An investor in Ross Asset Management who invested $500,000 received almost as much back in fictitious profits, the High Court at Wellington heard on Monday. Read More
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Landmark Ross clawback case close – NBR March 20 2015
The hearing for the first claw back case is scheduled for 10 am 23 March 2015 in the High Court in Wellington.
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 – Ponzis square pegs in insolvency law’s round holes
January 21 2015 Opinion: It is about time New Zealand law caught up with the slippery nature – and beneficiaries – of ponzi crimes. Read More
Dom Post – David Ross victim shares fall further
January 16 2015 The value of a parcel of shares being sold for the benefit of fraudster David Ross’s victims has decreased by more than 70 per cent, with investors now only likely to receive about $50,000. Read More