Investors who lost around $115 million in New Zealand's largest ever fraud are upset the man behind it is appealing his sentence.
David Ross of Ross Asset Management was sentenced to a minimum non parole period of five years and five months behind bars - but now he's fighting against it on the grounds the sentence is excessive and inappropriate.
Burned investor Bruce Tichbon says it's deeply frustrating.
"The agony just goes on and on and we just don't know where it's going to end. We're just nowhere close to any sign of how much money we're going to get back. We're just not being told any of this information so this compounds the agony"
Mr Tichbon says it's galling that David Ross appears to have better legal representation than his spurned investors.
Ross was sent to prison in November after previously admitting eight charges laid by the Serious Fraud Office and the Financial Markets Authority.
The prosecutors called the Ponzi scheme unprecedented and the most serious of its kind in New Zealand to date.
RadioLIVE/ 3 News
source: newshub archive
