Mitchell Atkins once promised investments in high-end vehicles and successful share funds. Now, he’s been banned from managing other people’s money for 10 years.
Customers of the ACX exchange operated by Blockchain Global were told their
money would be kept in trust while they traded digital assets. That turns out to
not have been the case.
Many of the buy now, pay later firms that sought to replicate Afterpay’s success
on the ASX have fallen on hard times. And analysts are forecasting more pain is
on the way for these groups.
The US group led by Twitter founder Jack Dorsey has cleared the final regulatory
hurdle needed to complete the biggest takeover in Australian corporate history.
Homebuyers could be competing at property auctions against organised criminal
gangs using Australia to launder billions, according to law enforcement
agencies.