Before all the ASIC dealings, forensic accountants were organised and coming in - it was all part of the story earlier in the year, another amazing twist as that fell apart.
It's been an astounding and crazy year watching this unfold with directors and company secs resigning as they realised they were unable to 'keep the bastards honest' -
So many people know the full story, but have still been unable to bring this to a satisfactory close to date.
In the end, to save all sanity, it simply had to be ASIC.
Class actions can be taken, but are more likely to begin when there are large institutions on the register to kick off the funding...of course, we never had that in CVI - they relied on traders and trader greed to keep the momentum going.
We now have to watch MJ's latest company and try to prevent them doing this to another crowd of people in another company. Watch the Angola Diamond Holdings, Velvogens, Worldwide Natural Resources etc etc etc....
You'd really think that the worlds financial bodies could have worked together since 1990 and earlier when Malcolm Johnson and co started this with the IRL group of companies and prevent it from back then.
The perpetrators are all aging now, but no doubt their methods have been passed on to other younger followers...there will always be scams and unscrupulous people - so just take care out there all......
Before all the ASIC dealings, forensic accountants were...
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