NBR: Ross collected $30m in fees, giant ponzi scheme suspected

Wellington firm Ross Asset Management may have taken management fees of $30 million since 2000, receivers say after pinpointing just $10 million of assets out of a purported $450 million.

Receiver John Fisk says the situation “looks pretty grim at the moment”.

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Related posts:

  1. SCOOP: SFO begins probe into David Ross, management firm
  2. NZ Herald: Ponzi scheme claim for $450m Ross Asset funds
  3. NBR: Ross investors may be eligible for tax return refunds
  4. Interest.co.nz: Ross Asset Management receivers PwC say can only find NZ$10m of investments

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