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Showing 1 - 10 of 11 results for "IPO Wealth Fund"

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... alleged that on four occasions between 9 August 2019 and 21 April 2020 made representations to the trustee of the IPO Wealth Fund, Vasco Trustees, that it owned companies in Italy that it did not. He appeared in Melbourne Magistrates Court yesterday ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
The terms of a $44 million legal settlement reached between Mayfair 101, James Mawhinney and the liquidators of IPO Wealth Holdings have been released to the public. In July 2022, Mayfair 101, its managing director James Mawhinney, and the liquidators ...

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... defend himself through widely distributed media releases. The subsidiaries that offered the M Core Notes and the IPO Wealth Fund are now in liquidation; redemptions in the remaining products have been suspended since March 2020. Investors have lost about ...

IPO Wealth trustee hit with class action

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
Slater and Gordon issued the embattled IPO Wealth Fund with a class action late last week. The firm will represent unitholders in the IPO Wealth Fund, which is currently being wound up by trustee Vasco Trustees after the Victorian Supreme Court ordered ...

IPO Wealth ordered to wind up

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
The Supreme Court of Victoria has made a winding up order for Mayfair 101's IPO Wealth fund. In response to the decision, Mayfair said it was disappointed with the outcome and believes it will result in negative ramifications for unitholders. The embattled ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... 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 IPO Wealth Entities. The documents also provided some insight ...

Mayfair 101 in damage control

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
... 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 to freeze some Mayfair 101 assets and expressed concerns Mawhinney may be a flight ...

Administrators appointed to IPO Wealth

ELIZABETH MCARTHUR  |  TUESDAY, 23 JUN 2020
Voluntary administrators have been appointed to IPO Wealth, one of the main investment vehicles for embattled Mayfair 101. Darryl Kirk, Barry Wight and Rachel Burdett of turnaround and restructuring advisory firm Cor Cordis have been appointed as voluntary ...

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... receivers were appointed to IPO Wealth, according to court filings. Filings from Vasco Trustees, the trustee for the IPO Wealth Fund, in the Supreme Court of Victoria revealed a timeline of trouble for embattled Mayfair. Vasco says Mayfair 101 Holdings ...

Receivers appointed to Mayfair 101 entity

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAY 2020
... and one that is likely to result in the unfortunate and unnecessary destruction of value for investors in the IPO Wealth Fund," Mayfair 101 said in a statement. It added that Vasco did not understand the steps that Mayfair 101 had already taken to protect ...
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