Iugis planned a massive listing on the ASX, but liquidators say it was funded with fraud proceeds and only ever leased 280 machines to a handful of customers.
McGrathNicol is preparing to go after assets and debts in the United Kingdom, Greece and United Arab Emirates as it ramps up its efforts to secure funds for creditors of Bill Papas’ collapsed Forum Finance.
Westpac has left the door open for legal action against Eric Constantinidis over $720,000 transferred from a Bill Papas-controlled trading account to his cousin in early July.