Administrators to the Castle Rock Ponzi scheme that devastated investors on Sydney’s northern beaches have recommended the two companies involved be wound up, enabling legal action by victims to recover lost millions.
Victims in the scheme had invested about $10.7 million over six years.
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Pamela Williams is The Australian Financial Review’s writer-at-large.
She is an investigative reporter and author, and has won six Walkley
Awards and the Graham Perkin Journalist of the Year Award. Email Pamela at pamela.williams@afr.com.au
