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Mayfair secured fund investors facing potential wipe-out – The Australian Financial Review
Provisional liquidators have revealed investors in Mayfair 101’s secured notes product were afforded no protection.
The report comes just days after Victorian Supreme Court Justice Ross Robson offered a scathing assessment of Mr Mawhinney as he ordered the provisional liquidation of companies backing another Mayfair 101 fund, the $81 million IPO Wealth.
The findings will make for grim reading for secured MCore noteholders anxious about the status of their funds, in addition to investors in Mayfair Platinum’s $72.9 million M+ unsecured debentures.
Mr Jahani said on Thursday that his investigations found the …
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