Fraud

Throughout 2012 to 2014 Gary Turkington was retained by Chapman Tripp, one of New Zealand’s leading commercial law firms, to represent David Ross in respect of what emerged as the largest fraud ever committed in this country by an individual. Its genesis lay in a Ponzi scheme where money is used by investing clients to repay others enabling an appearance of solvency to the public at large. Gary’s professional duties involved advising Mr Ross, his related companies and family trusts at all stages of the investigation by the Serious Fraud Office and the Financial Markets Authority.

Upon liquidation of the companies he reached a settlement with the liquidators and receivers for the trusts separating investor monies from funds legitimately employed for other purposes. He appeared in the High Court at various stages of the commercial litigation and finally in respect of the criminal proceedings brought by the investigating authorities that included an appeal against sentence to the Court of Appeal. This high profile case was one of a number of cases

Gary has been involved with over his 40 years in practice involving the Serious Fraud Office, the Police, the Department of Internal Affairs and other regulatory authorities where money has allegedly been misapplied. Of importance is dealing with the known issues at the earliest, where possible, thus avoiding the cost and stress of what may often be a protracted investigation.