Priest 'intuitively knew' what shares Ross was holding on his behalf, court hears

Tue, 20 Oct 2015

By Suze Metherell Oct. 20 (BusinessDesk) - Duncan Priest, who is fighting to keep a $2 million share parcel from swindled Ross Asset Management investors, tried to transfer his shares before fraudster David Ross's assets were sold and says he "intuitively" knows what belongs to him. In a hearing in the High Court at Wellington, Priest is seeking to remove a claim against his shares by RAM liquidator John Fisk of PwC, arguing his investments through Ross were separate to the Ponzi scheme. The shares were worth $2 million as at June 30, an...

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