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‘ASX Wolf’ finfluencer declared bankrupt by ASIC

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,…

Brynne Edelsten declared bankrupt

Brynne Edelsten, the glamorous ex-wife of Australian businessman Geoffrey, has been declared bankrupt. RELATED: Photos of Brynne and Warnie’s ‘nightcap’ released RELATED: Brynne Edelsten denies leaking Shane Warne’s texts The 33-year-old reportedly owes up to $70,000 in unpaid legal bills to the same lawyers who represented her during her divorce to Geoffrey, 73. Brynne Edelsten…

Defaulted Sichuan Trust Goes Bankrupt

Sichuan Trust, previously controlled by businessman Liu Canglong, is one of the most notorious of China’s problematic trust companies Sichuan Trust Co. Ltd., which defaulted on billions of dollars in trust products nearly four years ago, has received approval from the top financial regulator to wind down, becoming China’s second trust firm to go bust.…

Company failures on the rise, says ASIC

The latest insolvency data published by the corporate regulator reveals that the number of companies failing is increasing, and it looks like it won’t stop any time soon. Last week, the Australian Securities and Investments Commission (ASIC) released its latest insolvency data, covering the period from 1 July 2023 to 31 March 2024. The data…

Israeli synthetic diamond company faces insolvency

Lusix, the synthetic diamond company founded by Benny Landa, is on the brink of filing for insolvency. The company has informed its creditors of its intention to do so, though the timing remains uncertain. Sources have told Calcalist that Lusix informed its shareholders last week that it urgently needs to raise $15 million to continue…