Tyson Scholz, ‘Wolf’ stock trader sells $4.6m mansion

A man known as the “ASX Wolf” has listed his $4.6 million waterfront mansion for sale just weeks after he was stung in a probe.

Tyson Scholz, also known as the “ASX Wolf,” has listed his $4.6 million waterfront mansion in Sanctuary Cove for $300,000 more than what he paid for it 10 months ago.

Scholz, a Lamborghini-driving share trader and Instagram influencer with over 21,000 followers, was recently found to have been running a financial advice business without a license in a landmark decision by the Brisbane Federal Court in December 2022.

ASIC has filed an action to stop Tyson Scholz providing financial services without a license.

Scholz is an Instagram influencer with over 21,000 followers.

The court stated that Scholz’s financial advice was an integral part of his business and that his Instagram posts established his reputation as a successful share trader.

Tyson Scholz aka ‘ASX Wolf’. Pics Adam Head

According to the Australian Financial Review, Scholz’s loan agreement for his mansion is set to increase to 18 per cent on April 11. However, he denied the estimation of a net loss on the property is incorrect.

During his December 2022 run-in with the federal court, it was revealed Scholz’s business charged subscribers membership fees between $500 and $1500.

It also alleged he offered various levels of share trading training, referred to as ‘Stage 1’, and ‘Stage 3’ packages, which were marketed as introductory or advanced seminars and offers of individual one-off share trading suggestions or tips for a fee.

He also allegedly offered a Stage 2 package providing one year’s access to a private chat site, named ‘Black Wolf Pit’, using Discord.

Tyson Scholz and partner Sophie Lee Anderson often show off their lavish lifestyle on the Gold Coast and around the world. Picture Instagram

Justice Kylie Downes said, “the financial product advice given by Mr Scholz formed an integral part of this business”.

“The advice which was given by him was not a one off but formed part of the continuous and systemic business operations by which Mr Scholz derived profit,” she said.

Justice Downes added that through his lifestyle posts and ‘life story’ posts on Instagram, “Mr Scholz had established a reputation as a successful share trader who had the ability to identify worthwhile companies in which an investment should be made.

“It did not matter that the stories did not contain any overt recommendation to acquire the shares: it was enough that Mr Scholz referred to a company or its share in the stories, which was usually done in a way which indicated that he liked that company,” she said.

The ASIC deputy chair Sarah Court warned that unlicensed influencers discussing financial products on social media could face enforcement action and advised investors to protect themselves.

Tyson Scholz was found to be providing financial services without a license.

“Financial services laws exist to protect investors if something goes wrong,” she said.

“The individuals who paid Mr Scholz for his tips, to attend seminars or access private online forums, as well as those individuals who purchased shares based on his recommendations or statements of opinion, did not have the benefit of these protections.”

New guidelines introduced in April restrict unlicensed ‘finfluencers’ from talking about stocks, investment funds or financial products. If broken, they could face up to five years in jail or fines of over $1 million.

According to an ASIC survey, almost 41 per cent of investors had sourced information from social media and networking platforms, including YouTube, Facebook, podcasts and ‘finfluencers’.

They shared glimpses of the lavish ring.

Tyson Scholz and Sophie Lee Anderson. Picture Instagram

Approximately a year ago, a photo of Scholz and a private jet suggested he proposed to his wife, Sophie Lee Anderson, during a flight over the Queensland-NSW border and back to the Gold Coast in December 2021.

The Queensland Police investigated the post as the border crossing could have violated Covid restrictions in place.

However, the police investigation revealed that the footage of the jet used in the posts was outdated, and Scholz did not leave the state when it was thought he might have.

The proposal was indeed real, however and instead included a helicopter tour of the Gold Coast.