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Firepower
Gerard Ryle
1st
Publisher: Allen & Unwin
Format: Paperback
A magic pill that cuts fuel consumption and reduces emissions - that was the miracle promised by Tim Johnston's company, Firepower. Everyone believed him; prime ministers and presidents, doctors and diplomats, business leaders and sporting heroes - even ASIC, the corporate watchdog, went along with the myth. Millions of shares were sold to investors, and by 2007, Firepower had become the biggest sporting sponsor in the country. But it was all a sham. In this compelling account, Gerard Ryle demolishes the fairytale, exposing a wobbly financial pyramid and the greatest fraud ever committed in Australia.
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