Millions raised, just $541 in the bank: Inside the collapse of ex-PwC partner’s doomed investment company VentureCrowd Holdings as administrators uncover alleged insolvent trading
VentureCrowd Holdings, an Australian investment platform once run by former PwC partner Steven Maarbani, has collapsed into administration despite having raised millions of dollars from investors, with administrators finding just $541 left in the company's bank account. Investigators are now examining whether the firm continued trading while insolvent, a practice that can carry serious legal…
- VentureCrowd Holdings collapsed with only $541 left in its account.
- Administrators are probing alleged insolvent trading by directors.
- Ex-PwC partner Steven Maarbani was among those running the firm.