Former RAM investors Duncan, Nora Priest win case against RAM liquidators to get shares back

Fri, 05 Aug 2016

By Jonathan Underhill Aug. 5 (BusinessDesk) - Duncan and Nora Priest have won a High Court case against the liquidators of Ross Asset Management, successfully arguing that they were in a different position to other investors in David Ross's Ponzi scheme because they didn't give the jailed fraudster discretionary powers over their funds. In a High Court judgment today, Justice Denis Clifford ruled that the Priest holdings, which amounted to about $2 million of the residual pool of $10.26 million found in the accounts of companies that Ross...

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