A “thoroughly unscrupulous” real estate agent has been ordered to personally pay back $7.4 million to a family for encouraging their involvement in a property investment opportunity that turned out to be one of Australia’s biggest Ponzi schemes.
The boss of a renowned fine dining restaurant is linked to several food-related businesses which have quietly collapsed with debts of more than $11 million — and now his famed eatery is also at risk of closure.
A collapsed caravan company has more than 85 creditors, including dozens of impacted customers, and an unknown amount of debt as receivers have been appointed.