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I've been following him on facebook for a little while. I've just started getting emails about educational events. And the red Ferrari has just become his profile picture.

Yes, the story is online, and you heard correctly.

I'm not blaming or seeking sympathy. Just stating a fact. Peter put me onto property investment. That has earned me far more than my shares in his company lost.

He's no longer on the board of Excela (formerly Foxinvest)- a company which has done my SMSF no favours.

I lost a motza on agri businesses as well. I ended up paying to the ATO an amount far bigger than my original investment- an amount I couldn't really afford at the time. I had to borrow against my house to pay them. But it was nothing to do with Peter's companies. And I was the one who invested.

This was Peter's response (as posted on Facebook) (Edit: this was also posted on the transcript)