Ross Asset Management – cache of investors' money found?
The stuff.co.nz web site today reported that the liquidator was not aware that David Robert Gilmour Ross held a substantial holding of shares in a tech company called Arria NLG for himself as trustee of the DRG Ross Family Trust. Stuff also reported …
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Family trusts can be used for asset protection. It seems that the paperwork or planning principles for such purpose have been ignored here. Only the benefit of secrecy seems to have remained, until this article exposes that, too.