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FMPE gambled $80m of funds
Financial Standard
|November 17, 2025
Following a Federal Court hearing, freeze orders against Gregory Raymond Cotton and First Mutual Private Equity (FMPE) have been maintained.
The orders were first imposed on August 15 after concerns were raised regarding funds raised from around 400 investors under the premise of investing in ASX-listed shares to generate returns.
At the time, ASIC believed at least $53 million was at risk. Now, it’s believed to be more than double this at $131 million.
Cette histoire est tirée de l'édition November 17, 2025 de Financial Standard.
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