Tim Johnston's Gold Coast Mansion Sells For $3 Million

BOSS of failed group Firepower, Tim Johnston, has sold his Gold Coast home for $3 million.

The riverside home with a private jetty and swimming pool was in the name of his wife, Sandra, according to reports – and may therefore be a bit trickier for stricken shareholders to claim a share to.

Firepower lost investors more than $100 million, according to Perth Now. The settlement occurred last December, when the businessman was to have appeared in court.

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Posted originally: 2011-02-28 07:39:00

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