David Ross appears at District Court hearing, remanded until Aug.29

Wed, 21 Aug 2013

Aug. 22 (BusinessDesk) – David Ross, the Ponzi-accused former manager of Ross Asset Management, appeared in the District Court in Wellington this morning for substantive hearings on eight Crimes and Financial Advisers Act charges. He was remanded until Aug. 29. All aspects of today’s hearing were supressed. Ross faces charges relating to $384.8 million of assets recorded in the accounts of a Ross vehicle, Bevin Marks, at Sept 30 last year, which court documents describe as being the product of “fictitious transactions.” The Serious Fraud Of...

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