Fraudster DAVID Robert Gilmour ROSS took $3.5 million from his company before it went broke and liquidators want it back.
Part of the cash will come from Ross’s share of household goods from his Lower Hutt mansion, due to be auctioned.
Liquidators will seek to bankrupt Ross, following the settlement of a $3.5m debt he and his wife owed his company, Ross Asset Management.
In November, Ross was jailed for 10 years and 10 months for operating a fraudulent scheme in which private investors lost about $115m.
Ross Asset Management (Ram) fleeced at least 700 investors through portfolios in which they thought they had more than $380m.
For full story on by Hamish McNicol published 15/05/14 go to:
http://www.stuff.co.nz/business/money/10045559/Liquidators-seek-to-bankrupt-fraudster-Ross
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