Ross Asset Management
Fraud, dishonesty and the failure of Ross Asset Management.
Part of Chapter 5
David Ross was jailed for over 10 years for running the largest Ponzi scheme in NZ history. He defrauded over $100million from people, many elderly, many Ross' friends and all who had put trust in a man who over a 20 year period knowingly took their money. Fraud and dishonesty brought Ross and his businesses down. While New Zealand is one of the least corrupt countries in the world, dishonesty is a part of business that can’t be ignored. Sadly, this is because all of us are dishonest - to a point. It’s when such dishonesty is left unchecked that it can have devastating impacts on businesses and peoples lives.