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
- 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 101One 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...
DefamatoryClarification - The Guardian
Asic also feared assets might be moved, he said.
Mayfair 101Did ASIC think Mr Mawhinney would pick up 130 properties and put them on a plane?
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The Guardian“I have not been served with any order,” Mawhinney told Guardian Australia on Thursday evening.
Mayfair 101ASIC 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
