PHOTO: Bruce Tichbon put more than $400,000 into Ross Asset Management, expecting the investment to be short-term.
When Bruce Tichbon sold his family home and invested the $415,000 proceeds with Ross Asset Management, he didn’t expect it to be a long-term investment.
The money was to be reinvested in another property, and was only to be looked after by David Ross in the interim.
Then, in 2012, the Financial Markets Authority raided the Ross Asset Management offices and that plan fell apart.
Ross was revealed to be running the biggest Ponzi scheme that the country had ever seen. Investors lost about $115 million.
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