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Showing 31 - 40 of 49 results for "Mawhinney"

IPO Wealth trustee hit with class action

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... with Slater and Gordon to join the class action. IPO Wealth is a Mayfair 101 fund. Mayfair 101 and its founder James Mawhinney said the court's decision to liquidate the fund was disappointing. "As the founder of IPO Wealth, I am devastated by the ...

Mayfair 101 heads to mediation

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... our investors. This matter should have never gone to court in the first place," Mayfair 1010 managing director James Mawhinney said. "If ASIC had written to us, telephoned us, or visited us to raise their concerns we would have made the adjustments they ...

Mayfair 101 promises investors pie in the sky

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... noteholders a "clear pathway" to their initial investment being returned. Mayfair 101 founder and managing director James Mawhinney said: "My team and I are bitterly disappointed by the significant impact the events of recent months have had on noteholders ...

Mawhinney lashes out at regulator

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
Mayfair 101 founder James Mawhinney has accused ASIC of a witch hunt, saying a provisional liquidators' report proves M101 Nominees had no "smoking gun" - but the report actually refers to the company's business model as unsustainable. A provisional ...

IPO Wealth ordered to wind up

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
... generate a more favourable outcome for unitholders that could have avoided liquidation. Mayfair 101 managing director James Mawhinney said: "As the founder of IPO Wealth I am devastated by the result. I have personally engaged with almost every single ...

ASIC restrains Mawhinney

ELIZABETH MCARTHUR  |  THURSDAY, 3 SEP 2020
ASIC has been granted interim orders against Mayfair 101 founder James Mawhinney which will stop him siphoning any money out of Australia. The orders also restrain Mawhinney from advertising or promoting any financial product, meaning his work with ...

Mayfair 101's vision for Mission Beach is sinking

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... development of the Mission Beach region. In a release to the media, Mayfair 101 founder and managing director James Mawhinney insisted that the Mission Beach and Dunk Island development was progressing and that the group was working with "credible" financiers. ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... manager to set up a Ponzi-like scheme. ASIC expressed concerns that Mayfair 101 founder and managing director James Mawhinney's efforts to raise funds through Australian Property Bonds were designed so money from that product could be used to make relevant ...

Mayfair 101 in damage control

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
Embattled Mayfair 101 has attempted to set the record straight, hitting out at claims chief executive James Mawhinney may attempt to flee the country and at Vasco Trustees over its handling of the IPO Wealth Fund. ASIC asked the Federal Court last week ...

Dividend yield set to dial down to zero

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... expect any yield from the majority of ASX-listed companies in the near future. Allan Gray chief investment officer Simon Mawhinney said he was progressing on the basis that dividend yields will be close to zero over the coming period. "There are some ...