2007 and 2008 going, going, gone..., page-2

Of the money handed in by the 2007 and 2008 investors only a small fraction was spent on their own schemes, the rest was appropriated by the GTP management.

I just read GTP 2007 annual report. From $400m+ MIS revenue, after paying commissions and all sorts costs (actually nothing on the 2007 projects itself), it made a $108m "profit before tax", from which $37m was paid for tax.

Obviously, this kind of account was fraudulent and the $108m "profit before tax" was nothing but a part of the 2007 prepaid management fees stolen from investors.

The $37m tax was just actually a bribery to the ATO to make the whole theft legitimate.

So why shouldn't the 2007 investors to chase back the $107m stolen money from ATO?