The corporate regulator has secured freezing orders for the assets of A Team Property Group and its founder Sasha Hopkins, who is prevented from leaving Australia until at least Monday.
uncovered hundreds of pages of documents, including investor and loan agreements, liquidator documents, email trails, contracts, information memorandums, corporate filings and legal documents, relating to the collapse of six property developments.
One of those investors was Damien Rothstein, who put $400,000 into a Melbourne property development via a 2018 loan agreement. Mr Rothstein has helped coordinate many investors with the regulator’s investigation.The Australian Securities and Investments Commission lodged the application against Mr Hopkins to secure the orders on May 31. However, the court file was only made public on June 3.
“My daily focus is to complete the existing projects and repay all creditors,” Mr Hopkins said in a statement to the“There has never been any dishonesty or ill intent on my part and I am continuing to assist the liquidators and ASIC. It is Greg Shaw who needs to obey the County Court judgment against him and repay creditor funds. It is Shaw who needs to be held to account.”
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