David Ross case kicked to August 22

Thu, 04 Jul 2013

July 5 (BusinessDesk) – Accused Ponzi-style scheme operator David Ross made an appearance of less than five minutes in the Wellington District Court this morning, just enough time for his counsel to seek adjournment until Aug. 22 for substantive hearings on eight Crimes and Financial Advisers Act charges. 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.” Ross was in the body of...

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