Investment spruiker James Mawhinney had to be stopped to protect the public from a “great risk of financial loss”, a Federal Court judge said as he slapped the 37-year-old with a 20-year fundraising ban.
Justice Stewart Anderson on Monday branded Mr Mawhinney’s conduct in promoting investments tied to his fizzed Mayfair 101 outfit as “reprehensible” and demonstrating a “complete disregard for financial services laws”.
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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. Email Liam at liam.walsh@afr.com.au
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
