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Media Release: 15 November 2012

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Ross Asset Management Investors Group

Palmerston North, New Zealand; Tel 06 357 1901

Mobile 027 437 9050, e-mail: bruce.tichbon@gmail.com

 

15 November 2012: For immediate release.

MEDIA RELEASE

The Ross Asset Management (RAM) Investors Group has the following objectives:

To be a unified voice for investors in RAM in dealing with statutory and other bodies and to keep them updated on relevant events associated with the receivership of RAM and related entities, with the aim of helping to maximise value for investors.

Our recorded membership is approximately 300 at this time.   Many of our members represent other investors in a family, trust or professional capacity.  We estimate our circulation now reaches 80% of the RAM investor base.

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Interest.co.nz: Ross Asset Management receivers PwC say can only find NZ$10m of investments

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By Alex Tarrant

Returns reported for the supposed NZ$450 million Ross Asset Management ‘investment fund’ were likely exaggerated and possibly fictitious, while withdrawals by investors over the last five years appear to have been funded by contributions made by other investors, receivers PwC say, in language that hints at a Ponzi scheme.

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