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12 Aug 2020 1:03
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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
     11 Aug: Support for the idea to combine Auckland's Regional Facilities business - and Ateed
     11 Aug: Fletcher Building says it's in a good spot to weather any more possible storms of Covid-19
     11 Aug: Fletcher Building expects a net earnings loss of 196-million dollars for the year to the end of June, mainly due to the impacts of Covid-19
     11 Aug: Don't wait for a trigger to seek financial advice
     10 Aug: A new report shows pokie gambling in New Zealand pubs and clubs, is costing the retail sector more than 400-million dollars a year
     10 Aug: More turbulence on the horizon for Kapiti Coast Airport, which is once again at threat of closure in the wake of Covid-19
     10 Aug: It might not be all bad for the South - when the Tiwai Point aluminium smelter closes
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     Today's News

    Politics:
    Auckland locked down as Jacinda Ardern announces New Zealand's first coronavirus cases in 102 days 22:37

    Business:
    Support for the idea to combine Auckland's Regional Facilities business - and Ateed 21:57

    International:
    Facebook criticised for allowing illegal and harmful content in PNG languages 21:47

    Entertainment:
    Robert Pattinson tried to sneak away from the 'Tenet' set to audition for 'The Batman' 21:31

    Rugby:
    The Crusaders are seeking "cultural advice" after damaging the custom-made Super Rugby Aotearoa trophy during celebrations after claiming an unprecedented fourth successive title at the weekend 21:17

    Entertainment:
    Sharon Stone believes her death will be "dramatic and nuts" 21:01

    Entertainment:
    John David Washington used to pretend his father was in jail 20:31

    Entertainment:
    Priyanka Chopra says the Covid-19 quarantine has been "a blessing" 20:01

    Entertainment:
    Prince Charles has been in regular contact with Prince Harry over the past few months 19:31

    Entertainment:
    Orlando Bloom says his relationship with Katy Perry has been a "rollercoaster of ups and downs" 19:01


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