Search Results | Showing 1 - 10 of 59 results for "Ponzi" |
| | ... been in a years-long battle with ASIC now, with the regulator taking him to court for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims and accusing ASIC of its own misconduct in pursuing him. In the latest instalment ... |
| | | ... former director of the Courtenay House companies Tony Iervasi has also pleaded guilty to charges linked to operating the Ponzi scheme. The sentencing hearing for Iervasi will take place on April 22 and April 24 in the Supreme Court of NSW. Following ... |
| | | A US court and the Securities and Exchange Commission (SEC) have slapped charges on three individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn). ... |
| | | ... portfolio of 200-plus properties in 2019. In early 2020, ASIC froze Mayfair's assets and operations over concerns it was a Ponzi scheme. Many of the properties were handed over to receivers who have since sold them. Now, according to CoreLogic, the three ... |
| | | ... are that victims are likely to get back from the receivership alone, in the order of 35 to 40 cents in the dollar. For a Ponzi scheme that is quite a remarkable result and a credit to the receivers." Mackay Chapman acted on behalf of one client during ... |
| | | ... licensed financial adviser and reportedly defrauded some $23 million from her clients as early as 2012, essentially running a Ponzi scheme. She disappeared on 12 November 2020, the day after ASIC raided her home. In March 2021, ASIC dropped the 38 criminal ... |
| | | ... of Caddick's Dover Heights property that she resided in, Bruce Gleeson, principal at Jones Partners, said. "In many Ponzi schemes, it is not unusual for investors to receive no return, so we are pleased to be able to make this distribution and anticipate ... |
| | | ... but, in postscript, flagged that he felt "Mayfair Platinum has a deep smell of BS", referred to IPO Wealth as "a likely Ponzi", and stated that his "spidey-sense is going off badly on this." The email was sent on the evening of 27 November 2019 and ... |
| | | A Perth woman has been permanently banned from running a financial services business, while the $11 million illegal investment scheme she ran will be wound up. Monica Kaur, through her business MKS Property Investments/Developments, encouraged around ... |
| | | ... could not be confirmed. Caddick went missing in November 2020 following a raid on her home by ASIC in relation an alleged Ponzi scheme she had been running for some time. In all, she is suspected of swindling investors out of as much as $30 million. ... |
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