Securities Commissioner told of Ross Asset Management Ponzi scheme concerns but took no action

The Securities Commission appears to have been warned about suspected Ponzi scheme operator David Ross three years ago, but took no action. [David Ross was sole director of failed Ross Asset Management Ltd] An email obtained through the Official Information Act shows Securities Commissioner Annabel Cotton was told of concerns about Ross in September 2009. … Continue reading Securities Commissioner told of Ross Asset Management Ponzi scheme concerns but took no action