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Crimes NZ
RNZ
55 episodes
5 days ago
Dig into the biggest crimes in New Zealan history with the investigators and journalists who know the cases best.
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True Crime
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All content for Crimes NZ is the property of RNZ and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Dig into the biggest crimes in New Zealan history with the investigators and journalists who know the cases best.
Show more...
True Crime
https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/d0/e0/b2/d0e0b24f-d215-a9ed-b6aa-30db188d9033/mza_15687137223812014275.jpg/600x600bb.jpg
Case #038 - The David Ross Ponzi Scheme
Crimes NZ
20 minutes 2 seconds
3 years ago
Case #038 - The David Ross Ponzi Scheme

David Ross was jailed in 2013 for running a ponzi scheme that resulted in thousands of New Zealand investors losing millions of dollars.

David Ross, the former director of the failed company Ross Asset Management, was jailed in November 2013 for 10 years and 10 months, with a minimum non-parole period of half that time.

The ponzi scheme he'd been running collapsed in 2012, owing investors $115 million.

Ross's fraudulent scheme was frozen in 2012 with 200 investors who had made money and 600 who lost money.

A year later, he pleaded guilty to charges laid by the Serious Fraud Office and the Financial Markets Authority.

At the conclusion of the trial, Judge Denys Barry called Ross a liar and a thief and said the scale of his offending is unprecedented in New Zealand.

Former New Zealand Herald Wellington business editor Hamish Rutherford describes how he came to follow the story and what he discovered.

Go to this episode on rnz.co.nz for more details

Crimes NZ
Dig into the biggest crimes in New Zealan history with the investigators and journalists who know the cases best.