UPDATE: RAM liquidators seek $954,000 investor withdrew in test case

Mon, 23 Mar 2015

(Updates with defence and Justice Mackenzie's comments throughout) By Suze Metherell March 23 (BusinessDesk) - Liquidators of the Ross Asset Management group of companies, found to be a Ponzi scheme, are looking to claw back $954,000 one investor withdrew before the scheme collapsed, in the first of three test cases. PwC's John Fisk, represented by lawyer Mike Colson, says liquidators have a claim on any funds withdrawn from the investment scheme since December 2010 under the Companies Act, on the basis investors would receive more tha...

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