UPDATED David Ross remanded on bail until hearing next month

Thu, 13 Jun 2013

By Paul McBeth June 13 (BusinessDesk) - Failed fund manager David Ross of Ross Asset Management appeared in the Wellington District Court today, charged with running a $400 million Ponzi scheme by the Serious Fraud Office. The Wellington-based financial adviser faces four charges of false accounting under the Crimes Act and one charge of theft by a person in a special relationship after the SFO completed a joint investigation with the Financial Markets Authority. He appeared in court this morning, and was remanded on bail until his next appea...

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