FMA Received 27 Complaints About RAM

Your investor group was staggered to learn that it took something like 27 complaints from people who could not get their money from David Ross before the Financial Markets Authority (FMA) acted and shut RAM down.
We discovered this amazing piece of information in an old judgement by Judge Jill Mallon dated 6 November 2012. An order freezing the assets of RAM was granted to the FMA on 2 November 2012, that was probably the day most of us found out that RAM was in trouble.

RAMIG will continue to try to find out more about this, especially how early the first complaints were made.

Arria shares

The only major instance found so far of David Ross potentially salting money away has been the accidental discovery of shares in Arria NLG Ltd in United Kingdom.

You can view a copy of the Arria company annual return here.   We have posted it because we are asking you if the names or relationships of the New Zealand shareholders mean anything to you.  Please have a look, and if anything jumps out please let me know.  This may help us to find more hidden funds.  Because a full forensic analysis has not yet been performed there is a likely hood that more ‘stash’ may have been hidden away.

The shareholding for the DRG Ross family trust can be seen at Shareholding 25, and a holding for a Jillian E Ross at Shareholding 96.  Further background on the finding of the Arria money can be found here and here.