Bankruptcy threat for Mayfair 101 visionary Mawhinney

Liam Walsh and Jonathan Shapiro

Oct 9, 2023 – 4.15pm

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Key Points

James Mawhinney was founder of Mayfair 101, which fizzled in 2020.
He now allegedly owes $3.5m to a man behind a marketing company.
ASIC is meanwhile looking at other associated investment businesses.

Mayfair 101 founder and self-styled visionary businessman James Mawhinney is facing a threat of bankruptcy over an alleged $3.5 million debt.

Marketing entrepreneur Aaron Monks has alleged Mr Mawhinney owed the debt from an agreement reached in August 2020, in Federal Court filings obtained exclusively by The Australian Financial Review.

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.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.