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Australia sends navy ships, divers after aircraft crash, three US Marines missing

FILE PHOTO: U.S. Marine MV-22B Osprey aircraft land on the deck of the USS Bonhomme Richard amphibious assault ship off Sydney  MELBOURNE: The Australian government said on Sunday it would deploy its armed forces to assist in recovery efforts after the U.S. Marine Corps suspended a search for three Marines missing since their aircraft crashed off Australia’s northeast coast a day earlier. The Marine Corps said earlier they had shifted from a search-and-rescue effort to a recovery operation, which could last several months, and had notified the next-of-kin of theRead More

Australian Tammy Davis-Charles ‘lost everything’ after her arrest on surrogacy charges in Cambodia

AN AUSTRALIAN nurse charged with providing commercial surrogacy services in Cambodia has told a court she has “lost everything” since her arrest eight months ago and is suffering from cancer. Cambodia banned commercial surrogacy last year after becoming a popular destination for would-be parents seeking women to give birth to their children. Tammy Davis-Charles, who was arrested in November, has said in previous court appearances that she launched her business, Fertility Solutions PGD, in Cambodia only after consulting three local lawyers who assured her the clinic was legal. Tammy Davis-CharlesRead More

ASIC moves on Macro Realty Developments Pilbara developer Australian Real Estate

Pilbara-focused developer Veronica Macpherson has been blocked from leaving the country by the corporate regulator and her Macro Realty Developments business (part of Crawford Property Group) has been ordered to stop providing financial advice. The orders stem from an Australian Securities and Investments Commission investigation into the operations of the Macro Group, which had been focused primarily on residential development in the north of the state. Macro Realty Developments initially drew the ire of ASIC in September last year, after it promoted a $100 million property trust that did not adhereRead More

More details emerge of Pilbara property developer’s $190m ‘Ponzi scheme’

A Pilbara property developer accused of running what might be a $190 million Ponzi scheme plans to charge investors about $180 to attend a Perth function updating them on the business. Veronica Macpherson has invited investors and stakeholders to attend a dinner in Ascot this month, saying the proceeds will help preserve their interests and maintain her Macro Realty Developments’ customer services. In August, the Federal Court ordered a freeze on Ms Macpherson’s assets, and those of companies associated with the property developments. An Australian Securities and Investments Commission investigationRead More