Look, if you’ve been plotting an investment strategy using tips from Instagram influencers, you’re probably beyond our help.
But we have to try – it’s our job – and the latest instalment in the sorry tale of Tyson Scholz, the online stock trading “educator” with a taste for Ferrari, Bugatti and Rolls-Royce cars, high-end champagne, private jets and selfies in exotic locations might be taken as a word to the wise.
The Australian Securities and Investment Commission (ASIC) has been very much on Scholz’s case for a few years now, with the commission convincing the Federal Court in late 2022 that the Gold Coast native’s social media spruiking amounted to…