Accused “phoenix developer” declares bankruptcy

EXCLUSIVE | An accused “phoenix developer” exposed in a major InDaily investigation last month has voluntarily declared bankruptcy while owing almost $500,000 to creditors, many of them small businesses based in regional South Australia.

How an alleged "phoenix developer" steered investors to fellow accused's companies

EXCLUSIVE | Queensland businessman Stephen Thomas leads an advisory firm that directed mum and dad property investors towards fellow accused “phoenix developer” Angela Thomas’s now-failed South Australian construction companies.

“It seems incomprehensible to the businesses who have been let down … that regulators wouldn’t prohibit serial offenders," says Business SA CEO Nigel McBride. Photo: AAP / David Mariuz

Trail of devastation: SA business leaders question ASIC's role

South Australian business leaders have questioned why national regulator ASIC has allowed “serial offenders” to continue leading companies.

REVEALED: Accused "phoenix developer" behind collapsed SA construction companies

SPECIAL INVESTIGATION | The director of three SA construction companies liquidated over the past year, leaving a devastating trail of unpaid debts to local tradespeople, was accused of criminal corporate behaviour as early as 2002.