Mystery investor may oppose RAM liquidators’ distribution plan
Investor A put $7.8m into the Ponzi scheme and withdrew $2.2m, leaving a net contribution of $5.6m.
Victoria Young and Tim Hunter
Thu, 12 Apr 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Victims of David Ross’ ponzi scheme were informed today the liquidator for Ross Asset Management has made a plan to distribute funds but a mystery investor may oppose the application when it comes to court.
About $100-115 million of investors’ funds were frittered away in New Zealand’s largest
Want to read more? It's easy.
Choose your subscription
Already have an account? Login
Smartphone Only Subscription
NZ$29.95 / monthly
Subscribe Now
Monthly Premium Online Subscription
NZ$49.95 / monthly
Subscribe Now
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Subscribe Now
Yearly Premium Online Subscription
NZ$499.00 / yearly
Subscribe Now
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly
credit card debit
Subscribe Now
Yearly Premium Online Subscription + NBR Marketplace
NZ$999.00 / yearly
Subscribe Now
Individual
Group membership
NBR Marketplace
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Victoria Young and Tim Hunter
Thu, 12 Apr 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.