Ponzi Scheme
Case #038 - The David Ross Ponzi Scheme
David Ross was jailed in 2013 for running a ponzi scheme that resulted in thousands of New Zealand investors losing millions of dollars. Audio
Ross investors chasing ANZ Bank for millions
A group of investors in the failed Ross Asset Management hopes to recover millions from the ANZ bank. Audio
Ross Asset Management investors eye ANZ claim
Investors in New Zealand's biggest ponzi scheme expect more to join their ranks in taking legal action against ANZ bank. 700 clients were defrauded of more than $115m they had invested in Ross Asset… Audio
Fraud victims embarrassed at being fleeced by friend
Victims of a $5.4 million Ponzi scheme say they're embarrassed their so-called friend fleeced them of their money.
Liquidator seeks money from former Ross investors
Liquidators of convicted fraudster David Ross's Ponzi scheme are trying to claw back more money from investors who got their money out early. A successful clawback test case against one of three… Audio
Law needs to change to deal with ponzi schemes
A High Court judgement that will force a investor to repay his fictitious profits from New Zealand's biggest Ponzi scheme has some investors upset. Audio
Wellington lawyer talks Ponzi scheme
A Wellington lawyer who invested in one of New Zealand's biggest Ponzi schemes has been ordered to pay back the fictitious profits he withdrew before it collapsed. Audio