Jailed businessman Steven Robertson s creditors estimated to receive nearly 60 cents in the dollar
21 Dec, 2020 04:46 AM
5 minutes to read
Steven Robertson is currently serving a prison sentence for stealing millions of dollars from his clients. Photo / Jason Oxenham
Creditors for a businessman behind a $10 million Ponzi scheme will likely receive nearly 60 cents in the dollar as his assets are distributed, receivers and liquidators estimate. Steven Robertson was imprisoned last year after being prosecuted by the Financial Markets Authority over conducted at his shares trading company Prosper Through Trading (PTT).
The Auckland man who claimed he was as good as John Key was caught misappropriating millions of dollars from his clients to fund a lavish lifestyle, which included expensive cars and holidays using a private jet.