ASIC takes Kiwi developer to court

ASIC has begun its prosecution of an expat businessman Peter Drake after his Gold Coast business collapsed leaving investors $800 million out of pocket.

Calida Smylie
Mon, 24 Nov 2014

The Australian Securities and Investments Commission has begun its prosecution of expat New Zealand businessman Peter Drake after his business LM Investment Management collapsed, leaving investors $A800 million out of pocket.

The Australian financial markets regulator has started proceedings in

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