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Court orders winding up of Merlin Diamonds after ‘serious contraventions’ unearthed
Restructuring & Insolvency 2020-04-01 5:02 pm By Miklos Bolza Sydney
A judge has ordered that Joseph 'Diamond Joe' Gutnik's Merlin Diamonds be wound up after the mining company's provisional liquidators uncovered "serious contraventions" and a "serious failure of governance".
Property spruiker Otton can’t use Bondi estate cash for legal bills, ACCC says
Competition & Consumer Protection 2018-12-20 8:40 pm By Miklos Bolza Sydney
The Australian Competition and Consumer Commission wants to block former We Buy Houses director Rick Otton from using the proceeds from the sale of his $3.6 million Bondi home to help with legal costs and living expenses as he appeals a record $6 million fine for consumer law violations.
ACCC wins record $18M fine against property spruiker We Buy Houses
Competition & Consumer Protection 2018-11-15 2:52 pm By Christine Caulfield Melbourne
A court on Thursday hit property spruiker We Buy Houses and its sole director, Richard 'Rick' Otton, with a record $18 million in total fines for misleading property investors with claims they could learn to buy real estate for $1.