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'The next Skase': investor fury over iProsperity fugitive

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Police, the corporate regulator, creditors and the administrator are all being blamed for allowing Michael Gu, founder of collapsed property group iProsperity, to skip the country despite well-publicised claims of fraud totalling about $180 million.

As the finger-pointing and recriminations about Mr Gu fleeing to the US continued on Wednesday, it has emerged that NSW Police has opened a fraud investigation into the Lamborghini-driving former mobile phone salesman.

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    Original URL: https://www.afr.com/companies/financial-services/the-next-skase-investor-fury-over-iprosperity-fugitive-20200812-p55kzi