Response 6 months ago

Responded publication image

Asic fears man behind troubled Dunk Island development may flee Australia and move assets

Regulator has launched legal action against James Mawhinney and Mayfair 101, which has taken $140m from investors

August 13, 2020

  • snippet
    The Guardian

    Earlier, during the federal court hearing, Moore asked for the virtual courtroom to be closed because “there is a fear that if they [Mawhinney and companies associated with him]...

    Mayfair 101
    Mayfair 101

    One of the most unusual parts of this case is the fact that ASIC made enquiries about the cost of a private jet flight to London. It was about $250k and ASIC filed evidence that because Mr...

    Defamatory
    Clarification
  • snippet
    The Guardian

    Asic also feared assets might be moved, he said.

    Mayfair 101
    Mayfair 101

    Did ASIC think Mr Mawhinney would pick up 130 properties and put them on a plane?

    Defamatory
  • Unlock FREE access to Media.com

    Enter your email address for access and updates

    Media.com will not share your information with third parties. By submitting this form you agree to our Privacy Policy. You can change your cookie settings on our Cookies page

    snippet
    The Guardian

    “I have not been served with any order,” Mawhinney told Guardian Australia on Thursday evening.

    Mayfair 101
    Mayfair 101

    ASIC ran the application on an ex parte basis. Mayfair 101 believes this is because ASIC knew the allegations were incapable of being sustained if they were defended, so they decided to initiate...

    Clarification