David Ross, the man behind the single biggest fraud in New Zealand’s history, has lost his bid to have his “unreasonably crushing” minimum jail term reduced.
In November Ross, 64, was jailed for 10 years and 10 months for operating a fraudulent scheme in which private investors lost about $115 million.
His company, Ross Asset Management, fleeced at least 700 investors through portfolios in which they thought they had more than $380m.
For full story see: http://www.stuff.co.nz/business/money/10199187/David-Ross-loses-jail-term-appeal
Leave a Reply