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.

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.

Partially constructed houses in Kadina, 154km north of Adelaide.

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.