ASIC are the regulator and don't have the will or the way to do...

ASIC are the regulator and don't have the will or the way to do anything.

I brought it up for discussion before - to collectively report to ASIC and demand they investigate. I got tumbleweeds from other investors.

Its only going to be sorted with a collective effort to bombard ASIC with complaints, write to Minister Stephen Jones, or lastly get lawyered up and launch a class action.

Think about this guy earning around 5 times average income for probably less than a 10 hour week. Living in affluent Melbourne, charging expensive lunch and dinner to the company, having a massive 180sqm office on one of the most expensive streets in Melbourne, sending his kids to an exclusive private school, no doubt he drives a luxury car charged to the company and gets the company to pay for parking.