ASIC has launched civil action against a Melbourne businessman who reportedly left more than 130 investors chasing millions of dollars in unpaid loans and interest from collapsed companies linked to him.
The corporate watchdog said it was taking the action against Sasha Hopkins and his company, The A Team Property Group, for alleged unlicensed conduct and operating numerous unregistered managed investment schemes.
ASIC has also applied to the Federal Court for the winding up of The A Team Property Group, five of the investment schemes and associated companies and trusts used by Hopkins.
As well, ASIC is seeking to disqualify Hopkins from managing corporations.
ASIC alleges that Hopkins and The A Team Property Group marketed its business …
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