Gold Coast ‘ASX Wolf’ Tyson Robert Scholz bankrupt after ASIC action over unpaid court costs

An Instagramming stockbroker who made a name for himself as a Ferrari-driving high-flyer, has hit rock bottom. Here’s why.

Gold Coaster Tyson Scholz appeared at Southport court charged with driving offences. Pics Adam Head

Instagrammer and once self-proclaimed “ASX Wolf” Tyson Scholz, already facing an arrest warrant, is bankrupt.

The former stockbroker had failed to pay $456,296 in court-ordered costs after ASIC successfully had him permanently banned from carrying on a financial services business in Australia.

Gold Coaster Tyson Scholz appeared at Southport court charged with driving offences. Pics Adam Head

The corporate regulator began its action to bankrupt Mr Scholz in July and has applied to the Australian Financial Security Authority to have trustees appointed over the assets of Mr Scholz.

Mr Scholz was last year spotted rapidly selling off high-end goods online after a warrant was issued for his arrest in March last year.

'ASX Wolf' Tyson Scholz launches Facebook fire sale. Picture: Facebook

He is reportedly still overseas and yet to face court on charges including fraud (dishonestly inducing a person to act), false declarations, speeding, unlicensed driving, and using a mobile phone while driving.

On his last public Instagram post three weeks ago, Mr Scholz said he was in Capetown, South Africa “working on a big mining deal”.

Mr Scholz was earlier pictured in a pinned post, boarding a private jet in France, with the caption, “I have been assigned the mountain to show others that it can be moved”.

The Gold Coast Bulletin has contacted Mr Scholz for comment.

Tyson Scholz. ASIC has filed action against him to stop him from providing financial services without a license.

Originally published as Gold Coast ‘ASX Wolf’ Tyson Robert Scholz bankrupt after ASIC action over unpaid court costs