Some of it is going here (relevant/interesting points highlighted and commented in .pdf):
Note that AIMS Funds Management is only one of the intermediaries that extracts fees from APW assets indirectly - there are others in the stable which rake in $ from the likes of AREOF (Opportunity Fund which Samuel Terry refers to in its presentation) which aren't even disclosed!
The further you delve into it, the more complex it gets - there is also a 'special purpose vehicle' which was attempting to clip the ticket on 'significant investor visa' applicants gaining residency rights to Australia by investing in a special AIMS vehicle.
Just keeps getting better.
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- Ann: SNC: Sandon and Samuel Terry Presentation for APW Wind Up
Ann: SNC: Sandon and Samuel Terry Presentation for APW Wind Up, page-3
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