NZ Herald – Ponzi victims take another swipe at FMA

A Financial Markets Authority review – which said the regulator was recognised as being capable, credible and professional – has infuriated those caught up in David Ross’ Ponzi scheme, and called ‘self-serving’ by an investor group.

“To quote an investor ‘The FMA is not the sheriff riding into town to clean it up, they are the horse and cart that picks up the horse poop after the bad guys have robbed the town’,” the RAM group said.  Read More