The same thing will happen with the Phoenixing allegations, there will be few, if any, records so it wont be pursued. He may come unstuck on the 3 insolvent trading claims for FRB however, that are already in the preliminary liquidators report unless they are able to hide those somehow. But will ASIC bother chasing these either?
LWP Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held