Former Ross Asset Management investor Hamish McIntosh told the Supreme Court he was entitled to fictitious returns on $500,000 he invested with the failed Ross Asset Management that one judge on the bench said were “a fantasy” based on stolen money. Read More.
Wellington lawyer Hamish McIntosh is fighting to keep almost half a million dollars he withdrew from New Zealand’s largest ponzi scheme. Read More
A test case that will decide how much the liquidators of David Ross’ ponzi scheme can claw back from investors will be argued in the Supreme Court today. Read More
A David Ross investor and the liquidators of the Wellington fraudster’s Ponzi scheme are both trying to take a clawback test case to the Supreme Court. Read More
A Wellington’s barrister’s fight to keep fictitious profits from New Zealand’s largest ponzi scheme has been rejected by the Court of Appeal. Read More
Three investors in New Zealand’s largest ever ponzi scheme have agreed to return fictitious profits to avoid being pursued through the courts. The latest liquidators’ report on Ross Asset Management revealed that three former investors had agreed to hand over $446,000. The money could eventually be returned to those who lost out in the scheme. Read More
A group of Ross Asset Management (RAM) victims are applying to the courts to obtain documents they say will lift the “veil of secrecy” surrounding liquidators’ claw backs from New Zealand’s largest Ponzi scheme. Read More.
Duncan Priest’s apparent failure to follow NZX rules in his own personal share trading would be of concern, according to testimony by an expert witness in the former sharebroker’s fight to keep a $2 million share parcel from investors who lost their money in the Ross Asset Management fraud. Read More.
Ross Asset Management employees knew “all was not well” with fraudster David Ross six months before the Financial Markets Authority swooped on New Zealand’s largest known Ponzi scheme. Read More
Ross Asset Management investors have claimed a “huge victory” after winning a tax refund test case against Inland Revenue, which could result in a “significant financial refund.”