As reported in the Cairns Post
May 13, 2015
FALLEN Gold Coast entrepreneur Michael King is back working for the Fung family.
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| Michael King |
The cofounder of MFS, the Gold Coast-based investment house that spectacularly collapsed in 2008 owing investors as much as $3 billion, was "let go" last year after the Reef Hotel Casino deal fell through. Aquis managing director Justin Fung says Mr King is a consultant on some Fung family projects, including the $160 million acquisition of the Sheraton Mirage Resort on the Gold Coast, the Soul penthouse, a couple of development blocks in Surfers Paradise and a university project next to Bond University.
It was reported the Mr King commenced work with Tony Fung in Cairns in 2014:
http://www.cairnsvideonews.com/2014/07/failed-gold-coast-businessman-working.html
and from the Gold Coast Bulletin:
http://www.goldcoastbulletin.com.au/news/crime-court/fallen-gold-coast-millionaire-michael-kings-failed-mfs-group-leaves-tangled-web/story-fnje8bkv
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