14 Apr 2022

Case #038 - The David Ross Ponzi Scheme

From Crimes NZ, 5:00 am on 14 April 2022

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

David Ross.

David Ross was sentenced to 10 years in jail, in 2013 Photo: RNZ

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.


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