The corporate regulator has accused investment spruiker James Mawhinney, who created the fizzled Mayfair 101 group, of raising funds in breach of court orders.
The 37-year-old has been sued in the Federal Court, with the Australian Securities and Investments Commission accusing him of contempt regarding financial offers put to people.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
