Aggrieved investors claiming to be owed tens of millions of dollars by alleged Ponzi scheme operator Veronica Macpherson have begun the process of trying to reclaim their investments, putting one of her companies into liquidation yesterday.
The company, Edkinway Pty Ltd, is one of hundreds of companies set up by Ms Macpherson as special purpose vehicles to manage the money of Malaysian and Singaporean investors.
The companies took loans from the offshore investors to develop properties in the Pilbara, promising returns of up to 36 per cent a year. Ms Macphersons companies stopped making interest payments on those loans more than a year ago, according to court documents.
In Feb…
Read the full article at: https://thewest.com.au/business/commercial-property/pilbara-developer-has-one-of-her-firms-put-into-liquidation-ng-b88442719z