Latest news with #Guo
Courier-Mail
18 hours ago
- Entertainment
- Courier-Mail
Mansion that hosted Rolling Stones, Frank Sinatra sells for mega price
The Rolling Stones are among high-society guests who have partied at Bartinon on the Gold Coast. An opulent mansion whose grand ballroom has hosted rock royalty has sold for $18m, smashing the suburb record. The Gold Coast's very own extravagant house, named Bartinon, had been on and off the market with different agents for more than two years. Bartinon at 26 Marseille Court, Sorrento. The grand house has hosted a string of rock stars. Kollosche's Sam Guo and Julia Kuo managed to finally find a buyer who was willing to splash the cash for the inner-city estate at 26 Marseille Court, Bundall. 'Bartinon is an iconic property, and to finally match it with the right buyer after so many years of it being on and off the market is incredibly rewarding,' Mr Guo said. MORE: Theme park legend's crypto hideaway hits the market Zac Efron's Aussie long lunch haunt is on the market Frank Sinatra visited the Gold Coast in the 80s. The residence sits on a 6,508 sqm riverfront block. Mr Guo said despite living across the river from the property and being able to see it everyday, the local buyer had not considered the purchase until Mr Guo personally reached out and invited him to inspect the property. 'This was a highly strategic sale, focused on showing the buyer the property's unique potential and long-term value,' Mr Guo said. 'Securing $18 million is a testament to the strength of the Gold Coast's prestige market and the power of a targeted, honest approach. It features manicured gardens. And epic views of the city skyline. 'We're proud to set another record sale price for Sorrento and Bundall.' Anchoring the landholding is a two-storey Mediterranean-influenced mansion mixed with a touch of the Caribbean, built in the late 1980s for philanthropists, Sir Justin Hickey and his wife, Lady Barbara. Bartinon was renowned as the venue of some of the city's most lavish parties and, as recounted by those who remember, hosted a roll-call of high-society guests, including Frank Sinatra, the Sultan of Brunei, Whitney Houston, and The Rolling Stones. One of the living areas. The tennis court. Seven bedrooms are spread throughout the home and include a spacious master suite with a private seating area, study, dual showers and dressing rooms, and an open ensuite with a built-in marble spa flanked by ice buckets for champagne. A ballroom, games room and wellness wing cater to leisure and entertainment, while an expansive kitchen finished in granite and timber complements formal and informal dining and living spaces. The formal lounge. The dining room. Floor-to-ceiling French doors and arched feature windows provide access to a vast terrace on the ground floor and a wraparound balcony on the upper level. Mr Guo said the buyer would move into Bartinon and planned to renovate and modernise the residence. 'They want to keep the same theme but just make it more practical because the style itself is really grand and beautiful. Covering 6,508 sqm, with 134.5m of river frontage, Bartinon holds tranquil water views extending to the city skyline, complemented by almost an acre of tropical gardens. Whitney Houston was rumoured to be a guest at Bartinon. The ballroom. Solidly constructed of sandstone, concrete and marble with impeccable craftsmanship, the home was considered the most expensive on the Gold Coast at the time it was built and retains one of the highest replacement values in the current market. Property records reveal it last changed hands for $7.22m in 2014. Bartinon is the third most expensive sale on the Gold Coast this year, after 7-9 McMillan Court, Southport ($22m) and 8 Southern Cross Drive, Surfers Paradise ($18.5m). PropTrack data shows the median house price in Bundall, which includes Sorrento, is $2.1m, down 1.2 per cent over 12 months.
Yahoo
6 days ago
- Business
- Yahoo
Australian Regulator Sues Ex-Director of Crypto Exchange ACX for Mishandling Funds
Allan Guo, the former director of the closed down Blockchain Global, will face court proceedings in Australia over allegations that he mishandled customer funds of crypto exchange ACX, which was operated by Blockchain Global. The Australian Securities and Investments Commission (ASIC) is bringing civil penalty proceedings in the Federal court against Guo and his involvement in the running of ACX Exchange, which collapsed in December 2019, leaving customers in the dark and unable to withdraw funds. "ASIC's allegations against Mr Guo relate to his dealings with ACX Exchange customer funds, statements made about those dealings and obligations to keep proper books and records," the regulator said in a post on Wednesday. Investigations have been ongoing since Blockchain Global collapsed in 2019. Liquidators found in proceedings that occurred from 2022 that the company owed around $59 million to its creditors and close to $22.8 million of that money belonged to creditors from the ACX Exchange. Guo reportedly left Australia in September 2024, after a travel restraint against him expired in August. The travel restraint was put in place in February last year when ASIC said it was investigating Guo and two other directors from Blockchain Global, Samuel Xue Lee and Zijang (Ryan) Xu regarding their involvement in the collapse of the ACX Exchange. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Express Tribune
6 days ago
- Business
- Express Tribune
Australia's ASIC sues Blockchain Global former Exec over global crypto breach
Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. PHOTO: REUTERS Listen to article Australia's corporate regulator said on Wednesday that it has initiated civil penalty proceedings against Liang (Allan) Guo, a former director of the failed cryptocurrency exchange firm Blockchain Global, alleging multiple breaches of duties. The Australian Securities and Investments Commission's allegations in the federal court are in relation to Guo's involvement in Blockchain Global's operation of a cryptocurrency exchange platform, ACX Exchange, which collapsed around December 2019, when customers began being unable to withdraw funds or cryptocurrency from their accounts. ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims ► — Decrypt (@DecryptMedia) May 28, 2025 The allegations relate to Guo's dealings with ACX Exchange customer funds, statements made about those dealings and obligations to keep proper books and records. The regulator had started an investigation into the firm in January 2024, following a receipt of a report from the firm's liquidators, which said that Blockchain Global owed around A$58 million ($37.3 million) to unsecured creditors as of October 2, 2023. Guo was barred from leaving the country in February 2024, but left Australia on September 23, 2024, following the expiry of his travel restraint orders, the regulator said. Blockchain Global had no published contact information and could not immediately be reached for comment. The firm's liquidator, Andrew Yeo, did not immediately respond to Reuters' request for comment.
Yahoo
7 days ago
- Business
- Yahoo
Australia sues ex-director of crypto exchange Blockchain Global over alleged duty breaches
(Reuters) -Australia's corporate regulator said on Wednesday that it has initiated civil penalty proceedings against Liang (Allan) Guo, a former director of the failed cryptocurrency exchange firm Blockchain Global, alleging multiple breaches of duties. The Australian Securities and Investments Commission's allegations in the federal court are in relation to Guo's involvement in Blockchain Global's operation of a cryptocurrency exchange platform, ACX Exchange, which collapsed around December 2019, when customers began being unable to withdraw funds or cryptocurrency from their accounts. The allegations relate to Guo's dealings with ACX Exchange customer funds, statements made about those dealings and obligations to keep proper books and records. The regulator had started an investigation into the firm in January 2024, following a receipt of a report from the firm's liquidators, which said that Blockchain Global owed around A$58 million ($37.3 million) to unsecured creditors as of October 2, 2023. Guo was barred from leaving the country in February 2024, but left Australia on September 23, 2024, following the expiry of his travel restraint orders, the regulator said. Blockchain Global had no published contact information and could not immediately be reached for comment. The firm's liquidator, Andrew Yeo, did not immediately respond to Reuters' request for comment. ($1 = 1.5562 Australian dollars)
Yahoo
7 days ago
- Business
- Yahoo
Australia sues ex-director of crypto exchange Blockchain Global over alleged duty breaches
(Reuters) -Australia's corporate regulator said on Wednesday that it has initiated civil penalty proceedings against Liang (Allan) Guo, a former director of the failed cryptocurrency exchange firm Blockchain Global, alleging multiple breaches of duties. The Australian Securities and Investments Commission's allegations in the federal court are in relation to Guo's involvement in Blockchain Global's operation of a cryptocurrency exchange platform, ACX Exchange, which collapsed around December 2019, when customers began being unable to withdraw funds or cryptocurrency from their accounts. The allegations relate to Guo's dealings with ACX Exchange customer funds, statements made about those dealings and obligations to keep proper books and records. The regulator had started an investigation into the firm in January 2024, following a receipt of a report from the firm's liquidators, which said that Blockchain Global owed around A$58 million ($37.3 million) to unsecured creditors as of October 2, 2023. Guo was barred from leaving the country in February 2024, but left Australia on September 23, 2024, following the expiry of his travel restraint orders, the regulator said. Blockchain Global had no published contact information and could not immediately be reached for comment. The firm's liquidator, Andrew Yeo, did not immediately respond to Reuters' request for comment. ($1 = 1.5562 Australian dollars) Sign in to access your portfolio
