dilligas All I can suppose, as a possible answer to your...

dilligas

All I can suppose, as a possible answer to your questions, is that he is protecting his reputation. As the GoConnect website claims, Richard Li has: "Over 30 years experience in investment research, equity fund management, investment advisory service and stock broking with major Australian institutions."

We all have a lot to learn, to enhance our reputations in our chosen fields. A boutique investment firm is clearly a particularly difficult field in which to perform - even for somebody with Richard Li's 30 years of experience.

http://www.moneymanagement.com.au/news/financial-planning/asic-accepts-eu-boutique-investment-firm

His reputation would be dented if he could not cough up the money to the ATO.

Who represented SIS in court? And was the mystery woman with a pen and notebook present again?