Description
Ross Asset Management Limited (“RAM”) collapsed in 2012 leaving hundreds of investors out of pocket for over $100 million. Since that time it has been uncovered that RAM was, in fact, a Ponzi scheme and the principal of RAM, David Ross, is serving time in prison for his part in the scheme. Marcus McMillan from PwC, the Liquidators of RAM, will talk through what happened in the lead up to RAM’s collapse, what actions the liquidators have taken since being appointed, the ongoing issues which they are still dealing with and some red flags to look for when making your own investments.
Marcus McMillan – Director PwC
Marcus has 13 years of insolvency experience in both Wellington and London and in both the private and public sectors.
Marcus manages the Wellington Liquidation Practice which involves taking liquidation appointments across the lower North Island and upper South Island.
Marcus also has experience in trading and selling businesses through Receiverships and Liquidations, with appointments being made by banks, other secured creditors, and government agencies. He has a particular interest in the investigation of, and action taken the following, fraud, and other misconduct.