![]() Ray Walker was a former director and shareholder of Big Un chairman Mr Massie's investment company, 5G Capital.įrom here the links continue. The Financial Review investigation reveals a complex network of related companies, that Ray Walker was a close business partner of Mr Massie, and that Big directors and management called on Walker and Co to establish companies to house their shareholdings. ![]() The next hearing will be held next Wednesday, February 28th. The victims of Ray Walker's fraud, mainly ageing Hunter Valley residents, are searching for their "missing millions" and showed up in force at the Federal bankruptcy court earlier this month to attend the first trustee hearing. That led to the unravelling of a $10 million 'Ponzi scheme' that left the firm's clients searching for their life-savings. Ray Walker stabbed himself in the heart in August 2015, 10 days after a Newcastle lawyer put forward a formal notice of misappropriation to recover $650,000 of money owed to his client. However regulatory filings reveal several close business ties with the controversial accounting firm run by fraudster Ray Walker. The firm, which last month reported an impressive $22.6 million of quarterly cash sales, had not previously disclosed that the finance company was providing funding in relation to its customers, that it had issued three million shares to the company, and that FC had security over all its assets until April 2041. That followed a request by the company for a trading halt on Monday after a series of articles in the Financial Review raised questions about the company's relationship with Sydney finance company FC Capital. On Wednesday, the $380 million company's shares were suspended from trading after it asked for more time to respond to questions from the Australian Securities Exchange. Ray Walker was the principal of Walker & Co, the NSW central coast accounting behind a financial scandal that left scores of clients without their life savings.īig Un is the holding company of Big Review TV, an online video production company that makes short films for small businesses such as coffee shops, salons and hotels.īrandon Evertz and his father Richard Evertz are the co-founders of Big Un Limited. More than $60 million of shares in Big Un Limited are held in companies set up by an accounting firm at the centre of a $10 million "Ponzi scheme".Īn investigation by The Australian Financial Review revealed close business ties between Ray Walker, the Newcastle accountant who took his own life in 2015, Big Un's chairman Hugh Massie and Tim Dewhurst, whose company Smokinale owns 3.9 million shares in Big Un Limited.
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