Ross Asset Management investor McIntosh allowed to appeal to Supreme Court

Thu, 26 May 2016

By Sophie Boot May 26 (BusinessDesk) - The Supreme Court has granted former Ross Asset Management investor Hamish McIntosh leave to appeal the Court of Appeal's ruling that he could keep the $500,000 he managed to extract from the Ponzi scheme before its failure, but not the fictitious profits he earned. In March, the Court of Appeal dismissed McIntosh's bid to hold on to the $454,000 return he received when he withdrew almost $1 million from RAM before it collapsed, which he claimed he was entitled to keep because without it, he wouldn't...

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