investors: Thousands of mum and dad investors were financially wiped out when the publicly listed company failed in January 2008, according to Nine News Australia. Octaviar's former chief financial officer, David Mark Anderson, faced Southport Magistrates Court yesterday charged with 26 counts of fraud following an Australian Securities and Investments Commission investigation. To improve your experience update it here Cricket World Cup Australia v West Indies News National Gold Coast financier charged with 4.6 million fraud after Octaviar collapse By AAP3 24pm Jun 4, 2019 Facebook Tweet Mail The former financial boss of Octaviar has been accused of misappropriating 4.6 million from the Gold Coast investment group that collapsed owing 2.5 billion more than 10 years ago. ASIC alleges that between June 18, 2012 and September 21, 2015, while Anderson was a director, he dishonestly used 4,611,571.86 of the company's money for himself. A court ruled in 2016 that Anderson was one of four MFS executives who acted dishonestly by misappropriating 143.5 million of investors' money. Octaviar, formerly known as the MFS Group, had interests in financial services, travel and leisure and childcare businesses, based on the Gold Coast.
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