RAM’s David Ross charged over alleged $400 mln Ponzi scheme

Wed, 12 Jun 2013

June 13 (BusinessDesk) - Failed fund manager David Ross of Ross Asset Management has been charged with running a $400 million Ponzi scheme by the Serious Fraud Office. The Wellington-based financial adviser faces four charges of false accounting under the Crimes Act and one charge of theft by a person in a special relationship after the SFO completed a joint investigation with market watching, the Financial Markets Authority. The case will be heard in the Wellington District Court. The white-collar crime investigator alleges large portions o...

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