10 MAY 2018
Commerce and Consumer Affairs Minister Kris Faafoi announced today the beginning of public consultation on a new regime to provide fairer outcomes for victims of Ponzi schemes. Read the Ministers full statement plus access the full documents
Listen to Bruce Tichbon of the Ross Asset Management Investors Group discuss the new intervention by the Commerce and Consumer Affairs Minister Kris Faafoi to tidy up the mess caused by the failed RAM liquidation. Listen Here
Stuff 10 May 2018
Consumer Affairs minister Kris Faafoi has unveiled a proposal to make winding up Ponzi schemes fairer.
It was prompted by the lengthy court battle following the collapse of the Ross Asset Management (RAM) Ponzi scheme, which ended with some investors getting all their money back, while others face the grim prospect of getting back just a few cents in every dollar they invested. Read More