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Support for those affected by the collapse of Ross Asset Management

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Author Archives: bruce.tichbon@gmail.com

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Ross Asset employees knew ‘all was not well’

Posted on June 2, 2016 by bruce.tichbon@gmail.com

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

Posted in Newspapers

Ross Investors win tax refund ‘test case’

Posted on June 2, 2016 by bruce.tichbon@gmail.com

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.”

Read More

Posted in IRD

Radio NZ – Wellington lawyer talks Ponzi scheme

Posted on August 7, 2015 by bruce.tichbon@gmail.com

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

Posted in Television / Radio

Get over it judge tells Ross Asset investor

Posted on August 7, 2015 by bruce.tichbon@gmail.com

Dominion Post COLLETTE DEVLIN  Last updated 17:48, June 3 2015

An investor in Ross Asset Management who is being pursued for hundreds of thousands of dollars in a “clawback” claim by liquidators is still trying to keep his name secret. Read more

Posted in Newspapers

Ross Asset Management liquidators seek $954,000 investor withdrew in test case

Posted on August 7, 2015 by bruce.tichbon@gmail.com

NBR Monday March 23 2015

Liquidators of the Ross Asset Management group of companies, found to be a Ponzi scheme, are looking to claw back $954,000 one investor withdrew before the scheme collapsed, in the first of three test cases. Read more

Posted in Newspapers

Investor can’t repay funds, court told

Posted on March 24, 2015 by bruce.tichbon@gmail.com

Radio NZ 23 March 2015

The High Court in Wellington has been told an investor who profited from the country’s largest ponzi scheme doesn’t have the money to repay a liquidator. Read More

Posted in Newspapers

RAM investor ‘received more than invested’

Posted on March 24, 2015 by bruce.tichbon@gmail.com

Dominion Post Last updated 05:00, March 24 2015 COLLETTE DEVLIN

A Ross Asset Management investor who put in half a million dollars, received almost as much back in “fictitious” profits, according to lawyers for RAM’s liquidator. Read More

Posted in Newspapers

Case against Ross Asset Management investor begins

Posted on March 24, 2015 by bruce.tichbon@gmail.com

Dominion Post Last updated 14:31, March 23 2015

An investor in Ross Asset Management who invested $500,000 received almost as much back in fictitious profits, the High Court at Wellington heard on Monday.  Read More

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Posted in Newspapers

Landmark Ross clawback case close – NBR March 20 2015

Posted on March 21, 2015 by bruce.tichbon@gmail.com

The hearing for the first claw back case is scheduled for 10 am 23 March 2015 in the High Court in Wellington.

Read More

Posted in Newspapers

Dom Post – Receiver chasing ‘over $25m’

Posted on February 4, 2015 by bruce.tichbon@gmail.com

February 2 2015  The receiver of Ross Asset Management is “reluctant” to put a number on the millions of dollars it is seeking to claw back from former investors.  But the figure is “certainly” more than the previously reported $25 million, and could potentially result in a “substantial” sum. Read More

Posted in Newspapers

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  • FMA Received 27 Complaints About RAM
  • Victims of Ponzi Schemer David Ross Get Green Light to Sue ANZ
  • Fairer deal sought for defrauded Ponzi Scheme investors – Hon Kris Faafoi
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