ASIC query into a Dodgy GROVES $3 million transaction. reference: Saturday SMH 29 Jan 2011 ------------------------------------------------------- As an ex Shareholder in MFS and ABS it appears that you can do anything as a Director in Queensland and just walk away.
note THESE SCENARIOS --------------------- 1,000s of investors lose money. NO PROBLEM. Dodgy Accounts that make your company look good until the truth comes out one day and investors are told it's all smoke and mirrors. NO PROBLEM. Eddie and his mates can afford the best legal teams in the land. NO PROBLEMS
I for one, sincerely hope and pray that Eddie Groves gets put in jail, even for 6 months.
I am very angry and disgusted that these type of SCUM can destroy people's hard earned savings and there is zero accountability and the ASIC have to invest huge sums of time and money bringing these scum to court.
Go the ASIC I hope you win the case.
Phil
ABS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
