It is alleged that the chief executive of real estate development company Majella Group accepted $5 million from a Chinese entrepreneur, who sought to invest the money. Instead, Mr Monsour allegedly channelled the money into other investments, including a US ski resort and an inner-Brisbane hotel redevelopment, as well as Majella Group expenses, such as debts and wages. It also alleged he had no authority, appropriate licence or credentials to manage investments.
http://www.abc.net.au/news/2018-06-21/sebastian-monsour-charged-with-fraud/9894870
