News

Clawback 'not enough'

Monday 24th of February 2014

RAM’s liquidator indicated in liquidation reports that plans to pursue claims against three investors who withdrew $3.8m in fictitious profits could be just the start.

It was suggested that there could be $20 million to $25 million clawed back from investors who received payouts in the two years before the scheme was uncovered.

In that period, it is believed that 200 investors mad...

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