News

Ross liquidators: No end in sight

Tuesday 17th of July 2018

PwC is working through the liquidation of New Zealand’s biggest Ponzi scheme.

When it collapsed, Ross Asset Management claimed to hold investments worth $449.6 million on behalf of 860 investors.

But in reality many investors’ returns were being paid with other investors’ deposits.

So far only $3.72m of investment assets have been found and returned.

Investors are fa...

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