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RAM investor must return fictitious profit
Tuesday 23rd of June 2015
The test case taken against barrister Hamish McIntosh is part of an attempt to claw back $3.8 million from investors.
Liquidators had been seeking $954,000 from McIntosh, who previously had name suppression.
Justice Alan McKenzie ordered him to pay $454,000 – the “fictitious profit” he received from his $500,000 investment. He does not have to repay the initial investment.
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