Mayfair 101

ASIC secures 15-year injunctions against Mayfair 101 Group director

Mayfair 101 Group director James Mawhinney will be unable to promote or raise funds in connection with financial products for 15 years.

The Full Federal Court has dismissed an appeal by the Mayfair 101 Group companies regarding a penalty of $30 million.

The Full Federal Court has allowed an appeal by James Mawhinney to overturn a 20-year ban

The Federal Court has ordered the Mayfair 101 Group to pay a penalty of $30 million for misleading advertising.

ASIC has filed a contempt application in the Federal Court against James Mawhinney, the director of companies in the Mayfair 101 group.

ASIC has secured a 20-year ban on Mayfair 101 director James Mawhinney from promoting and raising funds through financial products.

The Federal Court has found companies in the Mayfair 101 Group made statements in ads that were false, misleading or deceptive.