Ross Asset Management investors reach $4.5 million settlements so far

Mon, 18 Jul 2016

By Paul McBeth July 18 (BusinessDesk) - The liquidator of Ross Asset Management has cut deals totalling $4.5 million with 16 investors and is in talks with a number of others about reaching settlements. 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 65 investors are subject to standstill agreements, where the liquidator has agreed not to issue proceedings until an upcoming S...

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