Two men behind LCF Ponzi scheme made bankrupt

Two of the men behind the £237 million London Capital & Finance investment fraud have been made bankrupt. Spencer Golding and John Russell-Murphy were among five individuals that a High Court judge late last year found liable for hundreds of millions of pounds in damages after LCF was ruled to be a Ponzi scheme. Notices…

Qld’s Ardmore phosphate mine enters administration

A drone photo of the Ardmore mine site taken in January 2025. Photo: Centrex PHOSPHATE miner Centrex, and its subsidiary Agriflex, have entered voluntary administration, placing a cloud of uncertainty over the Ardmore operation in north-west Queensland. Alongside Incitec Pivot’s Phosphate Hill operation, Centrex’s Ardmore Phosphate Project, 120km from Mount Isa, is one of only…

Volocopter fights for the future – Aviation.Direct

Volocopter GmbH, a pioneer in the field of urban air mobility, is facing an uncertain future. On December 26, 2024, the company filed an application with the Karlsruhe District Court to open insolvency proceedings, which have now been officially initiated. Despite these financial turbulences, Volocopter continues to focus on successful restructuring and the continuation of…