ASIC investigating company after inventor of world's largest 3D printer left out of pocket

http://www.abc.net.au/news/2016-01-...e-involving-worlds-largest-3d-printer/7121526

"The printer's Melbourne-based inventor Jason Simpson alleges he was unfairly treated by business partners, losing his income and designs, after signing over his intellectual property to the company in exchange for a salary of $150,000, a directorship and about 15 per cent of the company."

'"He [Mr Conidi] assured me that he would make me very rich and that he had the skills to not only take the company to the ASX (Australian Stock Exchange) but to make it very profitable," Mr Simpson alleged.'

"Mr Simpson, who was trained by his father in the family manufacturing business, claims Mr Conidi told him 3D Group would have a big future client in his booming medical imaging company, Capitol Health, via another related company 3D Medical.

"Mr Conidi is the managing director of Capitol Health, which is publicly listed and worth about $120 million."

"The ABC understands company regulator, the Australian Securities and Investment Commission (ASIC) is now investigating the administration of 3D Group, and that ASIC has appointed a team to examine the business and how it was administered."

"Mr Conidi declined to be interviewed by the ABC but disputes Mr Simpson's allegations."