Ponzi scheme
The case against ANZ by investors in Ross Asset Management, who were claiming in excess of $50 million against the bank has ended in a confidential 'agreed settlement'
23rd Aug 21, 1:57pm
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The case against ANZ by investors in Ross Asset Management, who were claiming in excess of $50 million against the bank has ended in a confidential 'agreed settlement'
Gareth Vaughan details ANZ New Zealand's long list of faux pas from its annus horribilis and suggests a show of contrition from the bank's top brass would be a welcome step
26th Oct 19, 9:29am
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Gareth Vaughan details ANZ New Zealand's long list of faux pas from its annus horribilis and suggests a show of contrition from the bank's top brass would be a welcome step
Case against ANZ by investors in Ross Asset Management likely to be held next year, with investors claiming in excess of $50 million against the bank
14th Aug 19, 1:52pm
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Case against ANZ by investors in Ross Asset Management likely to be held next year, with investors claiming in excess of $50 million against the bank
The Financial Markets Authority says filing of legal action against ANZ by RAM investors is the 'right result'
12th Jul 19, 9:07pm
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The Financial Markets Authority says filing of legal action against ANZ by RAM investors is the 'right result'
Central Bank of Samoa warns of 'Hybrid Ponzi-Pyramid Scheme' involving cryptocurrency OneCoin after receiving report from NZ Police
26th Apr 19, 10:10am
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Central Bank of Samoa warns of 'Hybrid Ponzi-Pyramid Scheme' involving cryptocurrency OneCoin after receiving report from NZ Police
Supreme Court potentially paves the way for the FMA to take action against ANZ on behalf of Ross Asset Management investors. FMA 'pleased', ANZ 'disappointed'
12th Apr 19, 12:01pm
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Supreme Court potentially paves the way for the FMA to take action against ANZ on behalf of Ross Asset Management investors. FMA 'pleased', ANZ 'disappointed'
Auckland foreign exchange broker pleads guilty to running a Ponzi scheme to defraud his clients of more than $7 million
20th Mar 19, 1:13pm
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Auckland foreign exchange broker pleads guilty to running a Ponzi scheme to defraud his clients of more than $7 million
Ponzi scheme operator Lance Ryan gets seven years & six months jail for 'cynically manipulating vulnerable & trusting investors' plus deceiving the FMA & Companies Office
3rd Jul 18, 1:53pm
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Ponzi scheme operator Lance Ryan gets seven years & six months jail for 'cynically manipulating vulnerable & trusting investors' plus deceiving the FMA & Companies Office
French fraudster Fabien Gaglio, a homeless man in Latvia, the infamous Geoffrey Taylor & New Zealand shell companies
8th Mar 18, 12:00pm
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French fraudster Fabien Gaglio, a homeless man in Latvia, the infamous Geoffrey Taylor & New Zealand shell companies
New Zealand heaved under the grip of Rugby World Cup fever. To celebrate the event the French gifted two sculptures. They were paid for with stolen money
6th Mar 18, 11:15am
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New Zealand heaved under the grip of Rugby World Cup fever. To celebrate the event the French gifted two sculptures. They were paid for with stolen money
Malaysian police arrest 3 men over alleged 1 billion ringgit (about NZ$350m) Ponzi scheme with 70,000 victims that was run through a NZ company
24th Feb 18, 7:38am
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Malaysian police arrest 3 men over alleged 1 billion ringgit (about NZ$350m) Ponzi scheme with 70,000 victims that was run through a NZ company
NZ registered company Venus Financial Markets reportedly used to swindle 23,000 Malaysian investors out of NZ$26m, Companies Office does nothing
4th Apr 17, 11:34am
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NZ registered company Venus Financial Markets reportedly used to swindle 23,000 Malaysian investors out of NZ$26m, Companies Office does nothing
Sixty-year-old denies operating Ponzi scheme involving supposed investments in the diamond trade, a New Caledonia chicken farm and Thai brokering deals
8th Feb 17, 11:58am
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Sixty-year-old denies operating Ponzi scheme involving supposed investments in the diamond trade, a New Caledonia chicken farm and Thai brokering deals
Nelson's stock exchange, 'a big Ponzi scheme,' and other tales from John Key's offshore financial services centre
27th May 16, 1:15pm
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Nelson's stock exchange, 'a big Ponzi scheme,' and other tales from John Key's offshore financial services centre
Financial adviser David Ross, who 'overstated' client funds by $380 million gets 10 years and 10 months imprisonment
15th Nov 13, 11:58am
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Financial adviser David Ross, who 'overstated' client funds by $380 million gets 10 years and 10 months imprisonment
Andrew Hrothgar Robinson alleged to have stolen $3 mln of investors' funds
5th Sep 13, 12:05pm
Andrew Hrothgar Robinson alleged to have stolen $3 mln of investors' funds
Financial adviser David Ross, who 'overstated' client funds by $380 million, admits fraud and theft
29th Aug 13, 10:52am
Financial adviser David Ross, who 'overstated' client funds by $380 million, admits fraud and theft
Terry Baucher explains the importance of having your money and tax affairs handled by a professional with the right credentials
26th Jun 13, 9:34am
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Terry Baucher explains the importance of having your money and tax affairs handled by a professional with the right credentials
Ross Asset Management's David Ross facing possible jail time as SFO charges him with overstating investment positions by more than $380 mln
13th Jun 13, 11:01am
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Ross Asset Management's David Ross facing possible jail time as SFO charges him with overstating investment positions by more than $380 mln
SFO eyeing rewards for whistleblowers similar to those now used in United States to catch Ponzi schemers, fraudsters
11th Feb 13, 12:36pm
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SFO eyeing rewards for whistleblowers similar to those now used in United States to catch Ponzi schemers, fraudsters
Double Shot Interview-Harry Markopolos: "How I found the world's biggest Ponzi scheme 8 years before it collapsed, yet no one would listen'
8th Feb 13, 4:42pm
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Double Shot Interview-Harry Markopolos: "How I found the world's biggest Ponzi scheme 8 years before it collapsed, yet no one would listen'
Ross Asset Management investors' withdrew over NZ$60 mln more than they contributed in last 5-years, receiver says
7th Feb 13, 12:15pm
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Ross Asset Management investors' withdrew over NZ$60 mln more than they contributed in last 5-years, receiver says
Ross Asset Management liquidators have big task deciding whether investors who received money before collapse can keep it
18th Dec 12, 9:04am
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Ross Asset Management liquidators have big task deciding whether investors who received money before collapse can keep it
PwC to liquidate Ross Asset Management companies; Warns 'premature to assume anything at this stage in regards to third party recoveries'
17th Dec 12, 5:00pm
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PwC to liquidate Ross Asset Management companies; Warns 'premature to assume anything at this stage in regards to third party recoveries'
FMA boss Sean Hughes says buck stops with him on Ross Asset Management debacle, urges investors to ask their money managers the hard questions
6th Dec 12, 1:10pm
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FMA boss Sean Hughes says buck stops with him on Ross Asset Management debacle, urges investors to ask their money managers the hard questions