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Mayfair 101's Mawhinney given 20-year ban from raising funds

Anderson said there was a high likelihood that Mawhinney, or entities controlled by him, would engage in similar conduct if not prevented by the court from doing so.
“Mr Mawhinney’s conduct can accurately be described as reprehensible conduct which demonstrates a complete disregard for financial services laws and, as a consequence, places the public at great risk of financial loss should Mr Mawhinney not be restrained by the form of injunction sought by ASIC,” Anderson said.
In relation to the IPO Capital, Core Notes, M+ Notes, and IPO Wealth fund products, Anderson found Mawhinney engaged in conduct that was “inherently problematic, risky, and fatally flawed”. The companies that offered the Core Notes and the IPO Wealth Fund were in liquidation and redemptions in the remaining products had been suspended since March 2020. ....

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Mayfair founder cops 20 year ban

Mayfair founder cops 20 year ban
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