Tag: New Zealand Financial Markets Authority
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David Robert Gilmour Ross, New Zealand Ponzi Swindler, Sentenced To Nearly 11 Years In Prison
David Robert Gilmour Ross, the 63-year-old architect of New Zealand’s largest Ponzi scheme, has been sentenced to 10 years and 10 months in prison, New Zealand’s Serious Fraud Office announced. “More than 1,200 client accounts were affected by Mr Ross’ scheme, so his offending has had a devastating impact on many lives,” said SFO Director Julie…
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BULLETIN: U.S. Citizen Presiding Over New Zealand Firms Ran Ponzi, Stole Millions And Was Aided By Pitchmen In Utah And Louisiana, SEC Says
BULLETIN: The SEC has gone to federal court in the Central District of California and alleged that a U.S. citizen running companies in New Zealand and relying on pitchmen in Utah and Louisiana operated a Ponzi scheme and stole millions of dollars from investors. A federal judge has approved an emergency asset freeze, the SEC…