00:00. 00:00. Lawyer John Adams operated the investment scheme out of his firm’s office in Melbourne’s north-east. (AMS Ivanhoe Lawyers) A suspected ponzi scheme run by a recently deceased.. The ABC has alleged that the mortgage fund – which had been running for more than 40 years – may have been a Ponzi scheme, estimating that losses may run over $100 million. The Victorian Bookmakers Association (VBA) has confirmed that its losses may total more than $1.8 million. Other bookmakers and investors from the racing industry are.
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Watchdog probes investments following lawyer’s death. By Rachael Ward. Updated November 1 2023 – 10:55am, first published 10:50am.. John Adams was a partner at AMS Ivanhoe Lawyers in Melbourne and died suddenly last week.. A profile of Mr Adams on the law firm’s website claims his work included advising on business structures, trusts.. At the centre of the scandal is lawyer and former sports powerbroker and partner at AMS Law, John Adams, who died recently.. The VLS was also working with Victoria Police on the matter.. Mr Maguire said on Monday that following Adams death the firm had “identified a number of concerns in relation to mortgage investments (Adams) had.
