Swindled David Ross investors will now be able to claim back eight years of overpaid tax after the Inland Revenue Department concluded they had made a “clear mistake or simple oversight” on fictitious investments. Read More
Monthly Archives: March 2014
Unravelling a plate of Ponzi – Sunday Star Times
This article represents a major change, the Liquidator is now publicly talking about 6 year claw back, instead of the 2 year claw back offered by the restrictive and inappropriate Companies Act. View Article
Exiting watchdog concerned
Some interesting comments about Ross Asset Management Read Article
Investors pursued in $25m clawback
The liquidator of Ross Asset Management is preparing to claw back up to $25 million from investors who withdrew money from the Ponzi scheme before it collapsed. Read More
Ross deal disgusts investors
The wife and children of the man behind New Zealand’s biggest fraud will keep assets worth more than $1 million – to the disgust of hundreds of cheated investors. Read More
Clawback ‘not enough’
A potential $25 million clawback from investors who received money from Ross Asset Management before it collapsed is nowhere near enough, says a representative of those who lost money in the Ponzi scheme. Read More