If you have never heard of James Mawhinney you may have dodged a bullet.

He is the investment spruiker behind investment schemes that are responsible for unsophisticated investors - retirees and young families in the main - being deprived of more than $211 million of their savings.

False

Misleading

Defamatory

Every Mayfair 101 client qualified as a sophisticated investor per Corporations Act requirements. This is the law, we followed it. What hope is there for Australia's economy if a business cannot rely on the law.

Mistaken

Outdated

The article is outdated. On appeal, ASIC's case against Mr Mawhinney was found by unanimous decision of three judges to have been "mistaken" and "absurd". The article should be removed from the internet.

Smh.com

Investors beware: ASIC hooks a big fish but there’s plenty more in the ocean