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Showing 1 - 10 of 14 results for "British Virgin Islands"

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... Trustees, appointed receivers and alleged that Mawhinney had transferred $18 million worth of assets to the British Virgin Islands. Mawhinney pointed out the trustee and receivers had "identified a change in assets on the group's balance sheet but ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... has claimed ASIC cannot prove losses. ASIC has also accused Mawhinney of squirrelling money away in the British Virgin Islands, which Mawhinney also denies. ASIC banned Mawhinney from fundraising and promoting investment products for 20 years in April. ...

Bermuda-based fund launches down under

ALLY SELBY  |  WEDNESDAY, 23 SEP 2020
... between fixed interest and equities and returns well ahead of inflation. Laureola Advisors is based in the British Virgin Islands.

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... a substantial investment, made by a company he controls, to be transferred to a related company in the British Virgin Islands. It was that investment that ASIC said caused the IPO Wealth fund to come unstuck, leading to the appointment of receivers to ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
... shares were frozen by ASIC when the regulator alleged 15 million shares were held in a tax haven in the British Virgin Islands. In 2017, Merity was committed to stand trial after further investigation by ASIC uncovered the identities of holders of an ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... time Thomas failed to pay income taxes for two decades, using offshore entities in the Cayman Islands and British Virgin Islands to conceal his income. He also hired locals in the area to act as his nominee in numerous business ventures. They would open ...

Hedge fund sector flourishing: Report

KARREN VERGARA  |  TUESDAY, 28 NOV 2017
... managers, the Cayman Islands (53%) remains the domicile of choice, followed by the US (29%), Ireland (6%), British Virgin Islands (5%) and Luxembourg (4%). Hedge fund activity across Europe and Asia "remains very limited", but a prominent trend in Europe ...

Banned for taking $4m from SMSFs

LAURA MILLAN  |  MONDAY, 1 JUN 2015
... (aiming to raise at least $20 million). They intended to establish an offshore share scheme in the US and British Virgin Islands outside of the jurisdiction of the Australian Securities and Investments Commission (ASIC). An ASIC investigation began in ...

ASIC seeks more bans in SMSF advice crackdown

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... SMSF investors (aiming to raise at least $20 million), to establish an offshore share scheme in the US and British Virgin Islands outside of ASIC's jurisdiction. Furthermore, the participants in this scheme (including others also named by ASIC), provided ...

MoneySmart list of unlicensed companies approaches 700

MARK SMITH  |  FRIDAY, 17 MAY 2013
... financial literacy website, MoneySmart, has grown to 696. China Environment Group Limited (CEG), based in the British Virgin Islands, has become the latest company to be named and shamed by the regulator. ASIC's investigation found that the company's ...
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