The Supreme Court of Victoria recently appointed provisional liquidators to manage the assets of IPO Wealth Fund’s single borrower, IPO Wealth Holdings, which is connected to James Mawhinney and his property investment group Mayfair 101.
Are you an investor in IPO Wealth Fund? Contact Slater and Gordon for further information.
The Supreme Court of Victoria has appointed provisional liquidators to manage the assets of the sole borrower to IPO Wealth Fund, IPO Wealth Holdings. An accountant representing an investor at the hearing raised concerns as to whether the Fund itself was a “Ponzi scheme” and the trustee, Vasco, had been “asleep at the wheel”.
Slater and Gordon are investigating whether the unitholders may have claims against the Investment Manager, IPO Wealth Pty Ltd, or the Trustee. If you are an investor in the Fund and you would like further information about your rights, please register your details below: