Liquidators are going after those who pocketed millions from the failed Ponzi scheme run by fraudster David Ross.
Ross Asset Management collapsed last year owing investors more than a hundred million dollars, but leaving three people with around four million dollars between them.
PricewaterhouseCoopers is chasing the money, but investor spokesman Bruce Tichbon says our laws mean they may have a hard time recovering it:
“We simply cannot understand why, when there has been many many Ponzi schemes in New Zealand before, that the law is still an absolute confused mess,” he says.
Bruce Tichbon says attempts to get the government to look at the laws around Ponzi schemes have not been fruitful.
RadioLIVE
source: newshub archive
