UPDATE: Broker seeks to keep $2 million away from swindled Ross investors

Mon, 19 Oct 2015

(Updates throughout with extra detail, RAM argument) By Suze Metherell Oct. 19 (BusinessDesk) - Duncan Priest, a Wellington broker, wants $2 million of shares he bought through Ross Asset Management excluded from the liquidator’s distributions to investors hit by New Zealand’s largest fraud. In a hearing in the High Court at Wellington, Priest is seeking remove a claim against his shares by RAM liquidator John Fisk of PwC, arguing his investments through fraudster David Ross were separate to the Ponzi scheme. The shares were worth $2 m...

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