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Mayfair founder cops 20 year ban

Mayfair 101 founder James Mawhinney has been restrained from a number of activities following a Federal Court ruling.

Federal Court Justice Anderson ruled that, for a period of 20 years, Mr Mawhinney will be restrained from soliciting funds in connection with any financial product, receiving funding in connection with any financial product, and advertising or marketing any financial product.

Mr Mawhinney will also be barred from removing or transferring from Australia any assets acquired directly or indirectly with funds received in connection with any financial product.

More to come.

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Mayfair founder cops 20 year ban
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