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9 Apr 2020 3:18
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      Home > News > Business

    An eighty million dollar lawsuit against ANZ will begin next week

    An eighty million dollar lawsuit against ANZ will begin next week


    Wellington financial advisor, David Ross ran a ponzi scheme through his business, Ross Asset Management in 2012.

    A spokesperson for victims of the scam - now totalling a group of 554 investors - says they believe ANZ had knowledge of Ross misusing RAM investor funds.

    He says there is strong evidence against the bank - and they should not be allowed to bury the facts.

    The class action will be heard over March 2nd and 3rd at the High Court in Wellington.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     08 Apr: Award winning Wellington cheese and ice cream business - Zany Zeus - has been sold
     08 Apr: A Christchurch bread company is losing millions ... because it is not an essential service
     08 Apr: An overall lift in prices at the latest global dairy trade auction
     07 Apr: Businesses are expecting weaker profitability and fewer hiring options in the next business quarter
     07 Apr: Wellington City Councillors will consider reducing a proposed rates hike when it looks at a pandemic response budget this week
     07 Apr: Businesses aren't alone in bracing for the financial impact of Covid-19
     07 Apr: A quarter of Airways employees will be made redundant due to the impacts of Covid-19
     Top Stories

    RUGBY RUGBY
    A word of caution from Chiefs coach Warren Gatland amongst rugby's global brainstorming session More...

    BUSINESS BUSINESS
    Award winning Wellington cheese and ice cream business - Zany Zeus - has been sold More...


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