Regulator has launched legal action against James Mawhinney and Mayfair 101, which has taken $140m from investors
The Australian Securities and Investments Commission fears the man behind troubled efforts to redevelop Queensland’s cyclone-ravaged Dunk Island, James Mawhinney, may leave the country, a court has heard.
Asic also fears assets belonging to Mawhinney’s investment group, Mayfair 101, may be moved, counsel for the regulator, Jonathan Moore QC, told the federal court on Thursday.
Continue reading…Regulator has launched legal action against James Mawhinney and Mayfair 101, which has taken $140m from investorsThe Australian Securities and Investments Commission fears the man behind troubled efforts to redevelop Queensland’s cyclone-ravaged Dunk Island, James Mawhinney, may leave the country, a court has heard.Asic also fears assets belonging to Mawhinney’s investment group, Mayfair 101, may be moved, counsel for the regulator, Jonathan Moore QC, told the federal court on Thursday. Continue reading…