track legend faces 20 mil opes loss.

  1. 191 Posts.
    The other post is highly defamatory.


    http://www.theaustralian.news.com.au/story/0,25197,23487200-20142,00.html

    OLYMPIC hero Herb Elliott faces the loss of half of his $40million fortune, becoming the highest-profile casualty of the Opes Prime collapse.

    The Weekend Australian understands that Mr Elliott has lost control of about half of his 5.5million shares in would-be iron ore producer Fortescue Metals Group, founded by Australia's richest man, Andrew Forrest.

    The shares, worth about $20million, are now in the hands of the banks behind stockbroker Opes. The banks are liquidating a $1.3billion portfolio of about 600 stocks to recover their loans to Opes.
 
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