There are a number of posts on Strawman on Thorney Opportunities (TOP), highlighting the management fee rip-off scams Mr Waislitz has been running for many years at TOP (and TEK, and anywhere else regular investors have been unlucky enough to encounter him).

Maybe spend your time more usefully and don’t read all the following AFR article. However in summary the article points out how the delightful Mr Waislitz is currently involved in legal action with Nic Bolton (“corporate raider”), Tim Gurner (Melbourne property developer) his future sister-in-law and his ex wife Heloise Pratt.

Alex Waislitz on Thorney, the Pratts, Nick Bolton and Tim Gurner

What was interesting was in relation to Mr Waislitz and his dispute with his ex-wife, the article says: 

"Its’s an investment he (Waislitz) has turned into $1.6 billion and is now at the heart of an ugly court dispute with Heloise, which threatens the control of his business, the Thorney Investment Group.  The couple split in 2015, but the divorce is still being finalised. The details are messy but in essence, Waislitz says Heloise left the running of Thorney to him. Heloise says she legally owns half and was deliberately excluded.

There are fears on the Pratt side that Waislitz could counter-claim for a share of Heloise’s fortune, estimated to be $4.84 billion by the Financial Review’s Rich List team.”

So Heloise is worth $4.8 billion, but clearly must be running a little short on cash and is now going ex-hubby another billion or so.    Wow, what sort of a world do these people live in.   

No wonder she is just referred to as “Hel” by many.   As for Mr Waislitz, as we used to say when we were younger: “It could not have happened to a nicer bloke”.