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‘Sad and tragic’: Court winds up Mayfair’s IPO Wealth Fund
Restructuring & Insolvency 2020-09-17 5:53 pm By Miklos Bolza Sydney
A  judge has ordered 17 companies connected to Mayfair's "failed" IPO Wealth Fund to be wound up after finding the fund's director put investor money at risk through "highly speculative" investments to make a windfall for himself.
Mayfair director should not be put in charge of other people’s money, court told
Restructuring & Insolvency 2020-09-16 7:09 pm By Miklos Bolza Sydney
Companies associated with Mayfair's IPO Wealth Fund should be wound up because they contained assets "artificially inflated" in value and ran what was effectively a Ponzi scheme, the Victoria Supreme Court has heard.
Court bars Mayfair’s Mawhinney from talking to investors ahead of wind up battle
Financial Services 2020-09-07 5:02 pm By Miklos Bolza Sydney
Mayfair director James Mawhinney has been blocked from talking to investors ahead of a hearing on an application to wind up the IPO Wealth fund, after a judge raised concerns about investors being "misled and coerced" by the investment hotshot.