Stuff: Serious Fraud Office investigating Ross Asset Management

The Serious Fraud Office is now conducting an investigation into Ross Asset Management, which is feared to be New Zealand’s largest ever Ponzi scheme.

Last month the Financial markets Authority won a freezing order over Ross and its founder David Ross, following complaints from investors unable to withdraw their money.

Acting SFO chief executive Simon McArley said the organisation had been working with the FMA over the last two weeks.

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