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Australia 'Wolf' trader Tyson Scholz ordered to pay his own mother $750,000

18:41  17 october  2020
18:41  17 october  2020 Source:   dailymail.co.uk

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A self-proclaimed 'wolf' trader who boasted on social media about living a life of luxury claimed he was on Centrelink when ordered to pay his mother $750,000.

Tyson Robert Scholz, 35, appeared to have a lavish lifestyle, with a glamorous girlfriend, expensive overseas holidays, and a $320,000 Lamborghini, all of which made regular appearances on his Instagram page.

But after a court ordered him to pay his own mother the sizable sum from an investment deal, Scholz said he was on unemployment benefits with a declared income of 44 cents a fortnight.

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Court documents, seen by The Courier Mail, reveal that Scholz, from Paradise Point, had claimed in October 2019 he could not afford a plane ticket back to the Gold Coast from Sydney and was seeking Centrelink payments to buy food.

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However, just days later he posted to his 'ASXWolf' social media account a picture of a $5,000 fuel bill for a speedboat on the Gold Coast and other images claiming he was enjoying the 'Gold Coast sunset'.

In the following weeks he posted about enjoying a day out on a jetski near Gold Coast theme park Sea World along with posts to his thousands of followers spruiking stock tips and investments.

Earlier in October, Brisbane Supreme Court issued an enforcement warrant to chase the $750,000 with some of Scholz's social media posts being tendered as evidence.

The amount is owed to his mother, Judith Gibbs, after she gave Scholz her life savings in 2013 to invest in a Subway sandwich shop franchise on the Gold Coast, according to her statement of claim.

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Scholz, who already owned three Subway shops, did not transfer the ownership of the store to her name but rather kept filed it under the title of Gold Coast Investments Pty Ltd.

Six years later she had not received a cent from the business, so she launched legal action through Shine Lawyers in 2019.

Both Mr Scholz and Gold Coast Investments were named as defendants in the action and neither sought to defend the case.

In March, the Brisbane Supreme Court awarded Ms Gibbs the amount of her investment plus interest, discounting an $80,000 Mercedes C63 bought with proceeds.

This was followed by the enforcement order in October with the warning 'failure to comply with this warrant may be contempt of court' and could result in the seizure of assets.

Earlier in October, a yellow Lamborghini, connected to Mr Scholz was seized by police after being involved in multiple speeding offences.

Daily Mail Australia has contacted Shine Lawyers and Mr Scholz for comment.

a small boat in a body of water: Mr Scholz said he was broke before posting a petrol receipt for $5,000 after riding in this speed boat © Provided by Daily Mail Mr Scholz said he was broke before posting a petrol receipt for $5,000 after riding in this speed boat a person holding a sign: He portrays a lavish lifestyle on social media but told lawyers he was on unemployment benefits © Provided by Daily Mail He portrays a lavish lifestyle on social media but told lawyers he was on unemployment benefits Read more

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