Why would anybody ever listen to/ give their money to Money Managers?
How many more times can a Money Managers scheme fall over before they run out of blind deaf idiots to secure funds from.
Another multi million dollar scheme goes tits up in a related party lending debacle
This happens with Money Managers with alarming frequency, the first I recall was the Metropolis mezzanine finance debacle, since then we have seen it every 18 months or so. A biblical catastrophe of a hangover prevents the author from further research to list the cock ups. Feel free to provide details in comments and I will update the post if I do not develop a brain aneurysm.
Another one for the “I’ve never seen this before” file
52 minutes ago