Cash Splash: Cost Hundreds and Island Purchase

cash splash: The island purchase adds to a portfolio of investments into which Mayfair 101 has sunk about 100m that includes cryptocurrency companies, a database formerly used by Barack Obama's presidential campaign and an accounting software group, according to The Guardian. It follows a cash splash, estimated to have cost hundreds of thousands of dollars, on a series of full-page advertisements touting Mayfair 101's superior returns taken out in newspapers including News Corp's Queensland tabloid the Courier Mail in August and September. After raising 120m from investors, Mayfair 101, which is run by the former boss of a failed media company, last week committed to spending 31.5m to buy Dunk Island, a failed holiday resort in Queensland. Small print at the bottom of each ad discloses that entry to the fund is restricted to wholesale investors who have assets of at least 2.5m or be able to tip 500,000 into a single investment. Most people, particularly those reading News Ltd newspapers, are going to be retail investors if at all. The Consumer Action Law Centre chief executive, Gerard Brody, said the advertisements, which have also appeared in the Age and the Australian Financial Review, were really concerning . They're saying in the fine print this is for sophisticated investors only but they're advertising in mainstream papers The real concern is that they're saying in the fine print that this is for sophisticated investors only but they're advertising in mainstream papers where most people are not going to be sophisticated investors, he said. (news.financializer.com). As reported in the news.