Pearls Ponzi victims win $90m – The Australian

//Pearls Ponzi victims win $90m – The Australian

More than $90 million funnelled to the Gold Coast by the masterminds behind India’s giant Pearls Group Ponzi scheme will be made available to victims and distributed under an Australian court-supervised remediation scheme.

In his findings, judge Michael Lee said “the only conclusion” to be drawn was that without the actions of Mr Coburn and his legal team, the proceeds of the Sheraton Mirage sale and two luxury Gold Coast properties would “most likely have been put beyond the reach of investors”.

See full article here: http://coburnci.com/wp-content/uploads/2018/08/Pearls-Ponzi-victims-win-90m-The-Australian-8_2_2018.pdf

2018-08-21T02:56:23+00:00By |