Lamborghini part of $60m Ponzi scheme – The Australian Financial Review

But among the most damaging revelations in the 83-page KPMG report is that $30 million was transferred from the trust account of Landerer & Company, run by prominent Sydney lawyer John Landerer.
Mr Kelly said this money was used “potentially to repay another investor”.
The report said the $30 million was transferred to a Singapore entity and “appears to be a redemption of investor funds” and was categorised in the trust account ledger as return of subscription money.
Michael Gu bought a L…

Click here to view the original article.