Mawhinney raising money again despite 20-year ban

Jonathan Shapiro and Liam Walsh

Jun 24, 2021 – 9.18am

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James Mawhinney is offering 15 per cent returns on an “investment opportunity” despite a 20-year ban prohibiting raising funds or promoting financial products.

With more than a dozen companies from his Mayfair 101 outfit under the control of liquidators, Mr Mawhinney on Wednesday sent an email from his Eleuthera Group e-mail account offering the juicy returns for investors willing to stump up a minimum $50,000.

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

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.