Monday, January 15, 2018

Ponzi book to expose 'suicides, nasty threats and wild accusations'

A provisional liquidator's report by auditors KPMG last year found “a real prospect there will be insufficient recoveries to allow for any return to unsecured creditors”. In total, ASIC estimates the total owed by the companies tops $250 million, with some of the debt accruing 50 per cent interest a year.
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