Archive for February, 2011

Johnston’s lawyers quit – again

Tuesday, February 22nd, 2011

Lawyers acting for disgraced Firepower boss Tim Johnston have severed ties with the one-time high flyer because he has not been paying his bills, reports The Sunday Times in Perth. The parting comes just days before the Australian Securities and Investments Commission will fight to continue an order banning the 55-year-old from leaving the country.

When are people going to learn?

Warren Anderson in Firepower-linked breach

Wednesday, February 9th, 2011

A private company owned by Perth property tycoon Warren Anderson has been been found to have breached the Corporations Act in its offering of shares in discredited fuel pill company Firepower, the Federal Court has found.

Meanwhile Tim Johnston will have to wait until a later date to find out whether he will be banned from ever managing an Australian company.

Can anyone believe how long this fall out from the Firepower fiasco is taking? And, remember, there are no criminal charges against Johnston despite the tens of millions of dollars that has gone missing.

Oh, by the way, I have a new job. More on that when I update this site.