Self-styled property mogul Sasha Hopkins has been fined $1.25 million and banned from running companies for four years for running unregistered investment schemes without a financial licence.
An investigation by The AustralianFinancial Review published in March 2022 revealed that more than 130 investors were chasing millions of dollars in unpaid loans and interest from six collapsed companies linked to Mr Hopkins, who had secured land across Brisbane, Byron Bay and Melbourne with the aim of building apartment complexes.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com