Radio NZ – Wellington lawyer talks Ponzi scheme

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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  1. Radio NZ 20/5/13 – Could this be NZ’s biggest Ponzi scheme.
  2. Radio NZ Checkpoint 11 July 2014 – Investors Pay Ross’s Legal Bills
  3. NBR: Ross collected $30m in fees, giant ponzi scheme suspected
  4. National Radio: Will Ross Asset Management investors ever get any of their money back
  5. Stuff: Receivers might try fast-track method