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iProsperity trustee failed to notice red flags for seven months
The trustee overseeing a $124 million fund for iProsperity's Michael Gu was unaware for seven months the fugitive businessman had breached a loan agreement, worsening investor losses.
Documents seen by The Australian Financial Review show Mr Gu and his offsider Harry Huang transferred ownership of a key company from the iProsperity Group into their own names last August.
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