re: conman jailed over 75 million fraud
Oh boy! No discrimination here and tell me if I am wrong but it looks like he is in serious trouble behind those walls.
"Of the $80 million owed to investors in Mercorella's scheme, which collapsed in June last year, just $352,454 was recovered by liquidators McGrathNicol+Partners, who last reported in May."
"Substantial sums invested in the scheme have been linked to the Gypsy Jokers motorcycle gang, with former member Tony Sobey claiming security of $17.4 million over Mr Mercorella's assets."
LIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
