Changed names, dubious qualifications: Lion Property Group's murky path to failure
API Magazine's continued investigations into failed 'managed investment schemes' have now uncovered the problematic practices and questionable qualifications that ultimately saw Lion Property Group lose more than $120 million of investors' money.
Before becoming the Lion Property Group director, John Sader had a different name and very different career. (Image source: API Magazine)
One of the two directors of the failed $120 million Lion Property Group empire is a former hypnotherapist and “life coach” who previously had a different name.
Australian Property Investor Magazine can further reveal that corporate regulator the Australian Securities and Investments Commission (ASIC) — which has come under fierce public criticism over the Lion collapse — has said it is now investigating the group.
The move by ASIC comes months …
