Michael Gu, the founder of collapsed property group iProsperity, has fled the country amid accusations he purchased a Lamborghini with investor funds and ran a $60 million Ponzi scheme.
The Australian Financial Review was told Mr Gu left Sydney for Los Angeles on July 26, more than two weeks after his empire collapsed and well after a long list of creditors had accused him of misappropriating money.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
