SELLING UP: David Ross has been granted $1000 per week to live on, which has infuriated some of his clients. An order freezing the assets of suspected Ponzi scheme operator David Ross will continue until February, as he moves to sell goods to cover his household bills.
This Guide has been prepared by Ernst & Young.
If a company is in financial difficulty, its shareholders, creditors or the court can put the
company into liquidation under the provisions of the Companies Act 1993 (―the Act‖).
This information sheet provides general information for unsecured creditors of
companies in liquidation.
Ross Asset Management investors could face “rough justice” in a bid by receivers to bring a relatively speedy return of funds.
PricewaterhouseCoopers partner John Fisk faces a massive task establishing a formula to use to return the up to $11 million in assets which have been found, which after the costs of the process could be 1 to 2 cents in the dollar invested.
Ross Asset Management receivers confirm investors’ fears, say they don’t expect to find any more assets of significant value after talking to David Ross
The Receivers for the Ross Management group of Companies PwC have issued their first Report.
The Receivers for Ross Asset Management have a website with updated information
Receivers Contact Information:
Ross Asset Management Limited (In Receivership) and related entities
PO Box 243
- Facsimile: +64 (04) 462 7492
- Telephone message line: +64 (04) 462 7040