A David Ross investor and the liquidators of the Wellington fraudster’s Ponzi scheme are both trying to take a clawback test case to the Supreme Court. Read More
A Wellington’s barrister’s fight to keep fictitious profits from New Zealand’s largest ponzi scheme has been rejected by the Court of Appeal. Read More
Three investors in New Zealand’s largest ever ponzi scheme have agreed to return fictitious profits to avoid being pursued through the courts. The latest liquidators’ report on Ross Asset Management revealed that three former investors had agreed to hand over $446,000. The money could eventually be returned to those who lost out in the scheme. Read More
A group of Ross Asset Management (RAM) victims are applying to the courts to obtain documents they say will lift the “veil of secrecy” surrounding liquidators’ claw backs from New Zealand’s largest Ponzi scheme. Read More.
Duncan Priest’s apparent failure to follow NZX rules in his own personal share trading would be of concern, according to testimony by an expert witness in the former sharebroker’s fight to keep a $2 million share parcel from investors who lost their money in the Ross Asset Management fraud. Read More.
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
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
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
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
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