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Ponzi scheme allegations levelled at Mayfair 101

In court documents, ASIC alleged that Mayfair 101's launch of Australian Property Bonds was a last ditch effort by the embattled wealth manager to set up a Ponzi-like scheme.

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Read more: ASICMayfairAustraliaAustralian Property BondsPonziMission BeachDunk IslandJames MawhinneyANZBritish Virgin IslandsExecutiveIPO Wealth EntitiesOxford Dictionary of Economics