David Ross, the man behind the single biggest fraud in New Zealand’s history, has lost his bid to have his “unreasonably crushing” minimum jail term reduced. Read More
You can read a copy of the judgement here: especially about Mr Ross’s ‘remorse’.
Inside Money: Regulatory ghostbusters target spirit of David Ross
And it wasn’t just the mo, or outrage over his sentence appeal, that sparked such an adverse reaction.
But ever since Ross hit the headlines over 18 months ago, regulators have been working hard to prevent his ponzi ghost from reappearing. Read More
Ross ‘will emerge with nothing’
Fraudster David Ross will emerge from his prison term “with nothing”, his lawyer has told the High Court – but actually it would seem he has a newly bought $725,000 house waiting for him. Read More
David Ross appeals fraud sentence to victim outrage
A useful comparison of the different sentences given to some of the recent white collar fraudsters in NZ
BEGINS
Hamish Fletcher for the NZ Herald 11 June 2014
The length of David Ross’ minimum non-parole period is “crushing” says his lawyer, who applied to the Court of Appeal for it to be reduced.
Anger from Ross’ out-of-pocket victims is still very raw as one of the country’s biggest fraudsters appealed against the minimum sentence he must serve in jail before becoming eligible for parole. Read More
Fraudster David Ross awaits appeal decision
HAMISH MCNICOL Last updated 10:52 11/06/2014
There is “nothing useful” in the “stern” and “unreasonably crushing” minimum jail term imposed on David Ross, the fraudster’s lawyer says. Read More
Duped investors want full disclosure
A chilling insight into the problems of the liquidation of Strategic Finance. RAM victims must work hard to avoid being treated the same way.
BEGINS
Chalkie is written by Tim Hunter deputy editor of the Fairfax Business Bureau
OPINION: An unfortunate weakness of our legal system is to treat investors like children in a Dickensian orphanage, told to run off and play up chimneys while their guardians divvy up their inheritance.
The investors’ patronised status was highlighted by the $22 million settlement announced last week over the collapse of Strategic Finance. Read More
Offer to Attempt to Recover Full Tax Refund
A professional tax adviser has contacted us and is undertaking to try to obtain a full refund of taxes levied by IRD for RAM transactions. A copy of the offer letter can be seen here.
Professional Tax Assistance- Disclaimer – RAMIG advises our membership of any relevant offers of professional assistance. You should make your own decision whether or not to pursue any offer in discussion with the independent party making the offer. RAMIG does not have a direct financial interest in any such offer or process. However, if successful, any initiative offered may be generally beneficial for members.
RAMIG welcomes proactive advice from all professionals in the field, and will give notice to investors if appropriate.
Liquidators seek to bankrupt fraudster Ross
Fraudster David Ross took $3.5 million from his company before it went broke and liquidators want it back. Read More.
Trustee: Madoff Victims Could Get All Their Money Back
BOSTON (CBS) — The investors who lost billions of dollars in the Bernie Madoff Ponzi Scheme may actually get all of their lost investments back. Read More
Fraudster out of jail for medical visits – Corrections
The Corrections Department has confirmed that fraudster David Ross has been out of prison twice for medical reasons, before and after he was sentenced to 10 years and 10 months for running a fraudulent scheme in which investors lost about $115 million. Read More