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11 Apr 2020 6:33
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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
     10 Apr: OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year
     10 Apr: Rugby Australia remains confident an agreement over player pay cuts will be hammered out within seven days
     09 Apr: Wellington city councillors have thrown out the idea of a rates freeze -- but payment deferrals will still be allowed
     09 Apr: Liquidators have been appointed for a Christchurch-based investment company - that's being investigated by the Serious Fraud Office
     09 Apr: Spending on eating out and accommodation plunged more than a third in March, after the outbreak of Covid 19
     09 Apr: A Christchurch-based cryptocurrency exchange that suffered a devastating breach, will have to try to pay off its customers
     09 Apr: Not too many hiccups - just yet - to our trade exports due to covid-19
     Top Stories

    RUGBY RUGBY
    Rugby Australia remains confident an agreement over player pay cuts will be hammered out within seven days More...


    BUSINESS BUSINESS
    OPEC and Russia have agreed a deal to cut global oil production to 10 million barrels a day until July 1, and then eight million a day until the end of year More...



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