Stock market high flyer comes crashing down after private jet flight

A lavish private jet flight to Sydney has racked up some extra costs for a Gold Coast high flyer and self-styled “wolf trader”.

A luxury private jet journey has landed wannabe “wolf” trader Tyson Scholz with a stiff fine and a stint in hotel quarantine.

Last week the controversial finance figure – who is under investigation from the Australian Securities and Investments Commission for allegedly offering financial advice without a licence – posted an extravagant Instagram video of private jets, helicopter flights and sparkling diamonds to show off his engagement to long-term partner Sophie Lee Anderson.

The video attracted the attention of the Queensland police over concerns the Gold Coast man had flown from Sydney into Queensland without a border entry pass, but after determining that the footage was old, no further action was taken last week.

However it can now be revealed Scholz in fact had earlier been punished over the private jet trip to Sydney after he was dobbed in to police by a member of the public.

Controversial share trader Tyson Scholz and his partner Sophie Lee Anderson. Picture: Instagram

The 36-year-old, who has previously attracted police attention over video posts featuring fast cars and motorbikes, flew from Coolangatta to Sydney on December 4 before returning to the Gold Coast where he provided false information on his border entry pass.

He was apprehended by police on December 9 and fined $1378 for failing to comply with a Covid-19 public health direction, before being ordered into hotel quarantine.

In a statement, the Queensland Police Service confirmed the actions taken and now consider the matter finalised.

Scholz has not responded to requests for comment from The Courier-Mail over the elaborate engagement video and private jet flight.

In the video, which was not posted until last week, Scholz said he used the private jet as a “ring transporter” because “Jetstar unfortunately wouldn’t fly my ring up so had to use air wolf (sic)”.

The diamond ring Tyson Scholz purportedly transported by private jet back to the Gold Coast. Picture: Instagram

Scholz, who denies any wrongdoing over the ASIC probe, is also due to face court in the new year over driving and boating incidents.

ASIC has ordered Scholz to refrain from making social media posts about investments or financial markets until further notice with that case set to return to court on a date to be set.

The stock market trader made headlines last year when a Lamborghini he claimed to have bought for almost $300,000 was impounded for hooning offences.

He later admitted he owned only the distinctive “ASX Wolf” number plates.

It also emerged last year that while he was posting regular social media updates about his life of luxury, Scholz was actually on the dole living off Centrelink payments.

He was also ordered by a court to pay his mother more than $700,000 over a soured business deal, but later negotiated an out-of-court settlement.

Originally published as Stock market high flyer comes crashing down after private jet flight