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  1. Mayfair 101 is calling on Members of Parliament to initiate an urgent Senate Inquiry into ASIC's discriminatory and disproportionate mishandling of Mayfair 101.

    • Mayfair 101 Group Update

      Noteholders Demand Reinstatement of Mayfair 101 to Mission...

    • Facts

      Below is a list of facts about Mayfair 101 which explain why...

  2. asic.gov.au › about-asic › news-centreMayfair 101 | ASIC

    ASIC provides updates on its enforcement actions against Mayfair 101 Group and its director James Mawhinney for misleading and deceptive advertising of investment products. It also advises investors on what to do if they have invested in Mayfair 101 products.

  3. Apr 9, 2024 · Mr Mawhinney later set up Mayfair 101, which sold unsecured and secured interest-bearing investment options to cashed-up investors that met the sophisticated investor test. Mayfair 101’s best-known...

  4. Dec 22, 2021 · The Federal Court found that Mayfair 101 Group misled investors by promoting high-risk products as low-risk alternatives to bank term deposits. The Court also restrained the group and its director James Mawhinney from advertising and raising funds for 20 years.

  5. Dec 22, 2021 · Mayfair 101 founder James Mawhinney and his companies were ordered to pay a combined $30 million penalty by the Federal Court for engaging in misleading and deceptive conduct. The company bought hundreds of properties at Mission Beach and an island, but failed to deliver on its tourism plans and repossessed the island.

  6. Below is a list of facts about Mayfair 101 which explain why the intervention of Australian Parliament is required. Fact 1. ASIC did not request interviews with Mr Mawhinney, Mayfair 101's management or its staff as part of its investigation. No interviews were conducted prior to issuing proceedings.

  7. May 4, 2022 · Private equity investment group, Mayfair 101, has welcomed today’s decision by the Federal Court to stay the contempt and injunction proceedings brought by the Australian Securities and Investment Commission, calling the decision a major win for Mayfair 101’s stakeholders.

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