Thats quite clearly unsubstantiated information until asx and afr reveal there findings. It is alleged at this stage by afr that there 4c is inflated.
However why would Fc capital enter into this arrangement and why is Caivis investments owned by David Steinberg happy to do the same for usa model.
What has been misreported by afr and others imo is that all customers are not vetted . When actually the customers for which monies have been forwarded are actually pre approved and therefore technically the 4c imo will not be found to have breached the law.
Ethical - no but imo not illegal
The customers are actually not final for another 120 days.
The question is how this was accounted for in the accounting statements which we are all waiting for.
Another AFR article, page-615
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