Show me the money: victims of Lion Property Group collapse speak out
More than 600 investors have seemingly lost some, if not all, of their life savings in the wake of the collapse of Lion Property Group. API Magazine spoke to six of them about the ordeal and their quest for justice.
Steve Danzig in front of the unfinished Eminence development in Camberwell, Melbourne, that was supposed to be completed in early 2023. (Image source: Steve Danzig/API Magazine)
The failure of the Lion Property Group has left in its wake hundreds of investors who thought they were dealing with a reputable enterprise with their financial futures now in tatters.
As the winding up of Lion Property Group and its associated companies begins, the Australian Securities and Investments Commission (ASIC) is poised to assess a KPMG audit, while police investigations into potential criminal charges have gathered momentum.
KPMG, o…
