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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
4 mins to read

ANZ fails in attempt to strike out ponzi victims’ claim

Allegations of dishonest assistance, knowing receipt and negligence should go to trial, says judge.

Tim Hunter Tue, 05 May 2020

The High Court has dismissed an attempt by ANZ Bank to strike out a class action claim brought by victims of ponzi fraudster David Ross, one of the bank’s clients.

The financial adviser’s fraud discovered in 2012 involved losses of about $115 million and affected at least 700 people, many of

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Tim Hunter Tue, 05 May 2020
Contact the Writer: thunter@nbr.co.nz
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ANZ fails in attempt to strike out ponzi victims’ claim
Law,
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