Ross Asset liquidators look to claw back $3.8 mln paid out to three investors

Fri, 20 Dec 2013

By Paul McBeth Dec. 20 (BusinessDesk) - The liquidators for the Ross Asset Management group of companies found to be a Ponzi scheme are in talks with three former investors over about $3.8 million of payments they received in the two years leading up to the group’s eventual collapse last year. PwC’s John Fisk and David Bridgman are looking at transactions they might be able to reverse as they seek to claw back as much of the $100 million to $115 million that was lost in the fraudulent scheme for some 1,200 investors. The liquidators are als...

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