High-rolling ISG director loses luxury cars but investors still left at the curb
The $145 million collapse of ISG Group has resulted in one director filing for bankruptcy and luxury cars being repossessed, but investors appear no closer to regaining their lost millions.
A complex web of dozens of companies and offshoots are under investigation in relation to the collapse of ISG. (Image source: API Magazine/ISG former website)
The executive director of failed Brisbane property investment giant ISG Group has filed for bankruptcy and the group’s luxury vehicles are being repossessed, according to liquidators.
Olvera Advisors — appointed liquidators to 27 ISG entities —have said the group’s directors, including Executive Director Ben Godfrey, are refusing to hand over key documents, amplifying calls for the corporate regulator to act.
A report to creditors for 15 of the…
