Ross Asset liquidators put $21.6M settlement offer to 160 'overpaid' investors

Thu, 13 Jul 2017

By Paul McBeth July 14 (BusinessDesk) - The liquidators for Ross Asset Management has written to 160 investors paid fictitious profits from the country's biggest-ever Ponzi scheme with an offer to settle for $21.6 million. PwC's John Fisk and David Bridgman put the offer to those investors after the May 26 Supreme Court ruling that Wellington lawyer Hamish McIntosh could keep the principal he invested in Ross Asset Management but had to return the fake profits. Those investors have until July 21 to accept the deal, otherwise the liquidat...

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