Court of Appeal rejects fraudster David Ross's bid for quicker parole.

Wed, 25 Jun 2014

By Jonathan Underhill June 25 (BusinessDesk) - David Ross, who swindled some 1,200 investors out of about $155 million, lost a Court of Appeal bid for a reduction in how much time he spends in prison before eligible for parole, a decision welcome by market regulators. "We believe that the decision to uphold the original sentence reflects the seriousness of Mr Ross’s criminal offending and the significant harm that his behaviour has caused to investors," the Financial Markets Authority and Serious Fraud Office said in a joint statement. Th...

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