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Ross investors turned down FMA option

Regulator not seen as likely to seek best outcome for ponzi victims.

Tim Hunter Tue, 16 Jul 2019

Investors in the David Ross ponzi scheme were given the chance to let the Financial Markets Authority run litigation against ANZ bank but chose to go it alone, despite the hefty cost of litigation funding.

NBR understands the FMA briefed the Ross liquidation committee on its ability to take

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Contact the Writer: thunter@nbr.co.nz
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Ross investors turned down FMA option
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