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Hot Topic Reporting season
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Allegations LM fund ‘a ponzi’

David Williams
Fri, 19 Apr 2013

Australia’s corporate regulator has been told one of LM Investment Management’s funds is potentially a ponzi scheme.

LM, which went into voluntary administration last month, was started by expatriate Kiwi Peter Drake and ran nine funds, including two favoured by New Zealand investors.

The funds’

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David Williams
Fri, 19 Apr 2013
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Allegations LM fund ‘a ponzi’
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