Gold Coast man ordered to pay his mother more than $750,000
A southeast Queensland man ordered by a court to pay his mother more than $750,000 over a bitter investment dispute was actually on the dole as he bragged of a life of luxury boats, fast cars and lucrative stockmarket deals.
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A wannabe“wolf” trader ordered to pay his mother more than $750,000 over a bitter investment dispute was on the dole as he bragged of a life of luxury boats, fast cars and lucrative stockmarket deals.
On social media, Tyson Robert Scholz is living the dream – a glamorous girlfriend, luxury travel and a striking Lamborghini impounded by police last month for hooning.
But when faced with legal action by his mother over the soured investment deal, he told opposing lawyers he was unemployed and living on Centrelink payments with a declared income of just 44 cents a fortnight.
The extraordinary two worlds of Scholz have been laid bare in explosive court documents which appear to contradict the lavish lifestyle he portrays to thousands of social media followers.
Brisbane’s Supreme Court has this month issued an enforcement warrant to chase a $760,000 debt over a Gold Coast Subway franchise bought with his mother’s life savings in 2013.
Scholz, 35, did not defend the proceedings, telling representatives from Shine Lawyers in October last year that he had lost his job, was unable to afford a plane ticket home from Sydney and was “applying for Centrelink so he can buy food”.
But just days later he posted a video to his social media account – dubbed ASXWolf, showing a $5000 fuel bill for a luxury boat on the Gold Coast along with a series of other videos and photographs enjoying ‘a perfect Gold Coast sunset’.
Screen shots of some of the posts were submitted to the court as part of the brief of evidence.
Less than two weeks later he posted a video showing himself enjoying a day out with a jet ski near Sea World, in between other social media posts promoting stock market tips and investment opportunities.
In late November he supplied Shine’s legal team with a copy of his Centrelink payment of $592.59 and the following month he asked for an adjournment so he could visit a community legal centre for advice as he had no legal representation.
He was granted an adjournment until the end of January, but never mounted any defence and the Supreme Court made a default judgment in March awarding Judith Gibbs the amount of her investment plus interest – less an $80,000 Mercedes C63 bought with the proceeds.
In her statement of claim, she told how she had been given $690,000 as a divorce settlement and was persuaded by Scholz to buy a Subway outlet at Surfers Paradise in 2013.
Scholz himself already owned three Subway stores, claiming to be the company’s second-youngest franchise owner in the world.
However, the ownership of the store was never transferred in to her name, instead being filed under the title of Gold Coast Investments Pty Ltd, a company which listed Scholz’s then-wife as sole director.
Gold Coast Investments was named as the second defendant in the court action and also did not offer any defence.
According to the statement of claim, Scholz was the ‘de facto’ managing director of GCI. After waiting six years without receiving any revenue or the transferred title from the store, Ms Gibbs launched legal action last year.
Even after March’s court decision in her favour, Ms Gibbs still has not been paid a cent, leading her legal team at Shine to source an enforcement warrant to chase the debt.
The order was granted by the Supreme Court two weeks ago with the warning that ‘failure to comply with this warrant may be contempt of court’ and could trigger the seizure of assets to ‘satisfy the total owing under the Judgement’.
Just last week, Scholz made headlines when video emerged showing his distinctive yellow Lamborghini – complete with stockmarket-inspired number plates, being impounded by police over a series of high-speed traffic infringements.
Last weekend, Queensland Police issued a media release and video footage of the Lamborghini being towed from a Paradise Point address on exclusive Ephraim Island.
Two men in their 30s and a woman in her 20s, all from Paradise Point, were given speeding infringement notices and banned from driving for six months.
In July, Scholz posted a copy of his bank statement to Twitter to prove ‘that Lambo I bought was straight cash’.
The image, from a bank statement dated May 2018, circled transfers of amounts totalling more than $320,000.
Registration searches reveal the car is registered to a car dealership.
Ms Gibbs did not wish to comment on the court action, while Michael Lalji of Shine Lawyers said the case had taken ‘a huge toll’ on her.
“We are unable to comment on the details of the matter at this stage, except to say that what’s happened has taken a huge toll on our client,” he said.
“She has lost a large sum of money that is rightfully hers to her own son.”
The Subway store in Surfers Paradise continues to trade under the ownership of Gold Coast Investments.
The Sunday Mail contacted Scholz with a number of questions about his social media posts and financial status but he declined to answer.
“I am in contact with Shine to reach a settlement between my mother and I,” he said.
Originally published as Gold Coast man ordered to pay his mother more than $750,000
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