September 2023
- Exclusive
- Food & drink
Guzman y Gomez founder: ‘I’m not going anywhere’
Steven Marks, an ex-staffer at hedge fund SAC Capital, is looking for a new CFO and thinking about his succession strategy.
- Carrie LaFrenz
June 2021
Mayfair 101 founder pleads self-incrimination breach
A 12-page appeal provides a list of claims against a 20-year fundraising ban against entrepreneur James Mawhinney.
- Liam Walsh and Jonathan Shapiro
May 2021
‘Mission curse’ continues on Mayfair 101’s fantasy island
Two years ago, Mayfair touted plans for a $1.6 billion tourism mecca, but now offices are empty and property sellers are picking up the pieces following the investment outfit’s collapse.
- Updated
- Liam Walsh and Jonathan Shapiro
April 2021
- Updated
- Investing
Mawhinney had to be stopped ‘to protect public’, judge says
With almost $210m frozen in investor funds, a court has found the founder of Mayfair engaged in “reprehensible” conduct.
- Liam Walsh and Jonathan Shapiro
December 2020
Trustee targeted in IPO Wealth class-action lawsuit
The lawsuit's lead plaintiff says she tipped $1 million into the fund in November 2018, and rolled it over three more times before the investment was frozen.
- Liam Walsh and Jonathan Shapiro
September 2020
'Cavalier' Mayfair founder given wind-up orders
A judge ruled Mayfair 101's James Mawhinney put investor funds at risk to make a potential 'windfall gain for himself'.
- Jonathan Shapiro and Liam Walsh
Frayed families, lost sleep: frozen fund's investor toll
Mayfair 101 founder James Mawhinney's last-minute pleas to win back control of the IPO Wealth fund suffers a severe setback.
- Liam Walsh and Jonathan Shapiro
Mayfair 101 disputes claims of loan-share twist
The investment outfit has disputed claims that founder James Mawhinney tried to switch the description of loans as a way of obscuring if special investment companies were insolvent.
- Liam Walsh and Jonathan Shapiro
Mayfair fund 'doomed from outset'
Provisional liquidators are also examining legal actions against the founder of the investment outfit that once owned Dunk Island.
- Jonathan Shapiro and Liam Walsh
Judge scolds Mayfair's Mawhinney amid fund investor concern
James Mawhinney's plan to recruit investors to his cause is under pressure.
- Liam Walsh and Jonathan Shapiro
August 2020
'Not my money': Battle for IPO Wealth investor hearts
Court hears claims and counterclaims about the interests of investors in troubled Mayfair 101 fund.
- Jonathan Shapiro and Liam Walsh
Wine, flowers: Court tackles Mayfair 101's expenses policy
Investment outfit defends writing up value of investments – such as an All Black-backed laundry service – on expenses such as office rent or flowers to staff.
- Jonathan Shapiro and Liam Walsh
Mayfair claims tourism venture funding is imminent
Mayfair 101 is facing more pressure from creditors as another financier appointed receivers.
- Liam Walsh and Jonathan Shapiro
Bond family reclaims Dunk Island from troubled Mayfair group
The Mayfair 101 Group's lofty ambitions to develop Dunk Island into a tourism mecca appear to be over.
- Jonathan Shapiro and Liam Walsh
Mayfair's IPO Wealth marketing spend probed
Mayfair 101 managing director James Mawhinney said the fund relied on third party e-mail lists to spread the word about his controversial investments.
- Jonathan Shapiro and Liam Walsh
Mayfair's Mawhinney may face criminal charges, ASIC tells court
ASIC has acted on escalating concerns about the status of Mayfair 101's assets.
- Liam Walsh and Jonathan Shapiro
July 2020
Superyacht show among Mayfair 101's 'investment' costs
Investment outfit Mayfair 101 has been battling numerous fires, and now an expenses bill shows where some money was being spent.
- Liam Walsh and Jonathan Shapiro
June 2020
Mayfair 101's IPO Wealth Fund no Ponzi scheme, court told
Court raises questions about whether $11 million in interest repayments to the fund's investors were at least partially funded by other people’s investments.
- Jonathan Shapiro and Liam Walsh
Battle over Mayfair 101 fund hears of its 'cavalier' style
Receivers want provisional liquidators appointed to parts of the group, and say the transactions are suspicious and the records sloppy.
- Liam Walsh and Jonathan Shapiro
'A dark day': the personal toll of Mayfair 101's trouble
A star fund of Dunk Island-owning Mayfair 101 is in a pinch. Investors who thought they were backing a safe play now fear they are going to get nothing.
- Liam Walsh and Jonathan Shapiro