The liquidators of Big Review TV, the online video start-up that became one of the Australian sharemarket’s biggest scandals, are suing the Sydney-based financier FC Capital and its chief executive, alleging he was aware loans were being used to inflate the company’s share price.
A civil claim has been lodged in the Federal Court by liquidators Anthony Elkerton and Cameron Gray of DW Advisory.
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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
