Ross Asset liquidators recouped $4 mln in past six months, await McIntosh ruling

Wed, 25 Jan 2017

By Jonathan Underhill Jan. 25 (BusinessDesk) - The liquidator of Ross Asset Management has lifted settlements with investors to $6.1 million and got $161,585 from share sales in the past six months but its job is partly on hold pending a Supreme Court decision. PwC's John Fisk is seeking to recover as much as possible of the $100 million-to-$115 million of investor money frittered away in the country's biggest Ponzi scheme. In his latest update, Fisk said claims against 93 investors are subject to standstill agreements that became necessa...

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