Former RAM investor McIntosh argues he's entitled to 'fantasy' returns from RAM

Wed, 27 Jul 2016

By Jonathan Underhill July 27 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh told the Supreme Court he was entitled to fictitious returns on $500,000 he invested with the failed Ross Asset Management that one judge on the bench said were "a fantasy" based on stolen money. The Wellington lawyer, representing himself, is appealing against a Court of Appeal ruling that he must repay the $454,000 in fictitious gains from his investment while keeping his $500,000 principal payment. The liquidators of RAM are cross-appea...

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