Zash Ventures and Peter Terrill: A History of Fraudulent Investment Firms

Zash Ventures is an early-stage capital company that focuses on building and scaling businesses with proven entrepreneurs and growth-stage companies. Peter Terrill is in charge of running this company.

The main office of Zash Ventures is in Melbourne, Australia. Level 8/412 St Kilda Rd, Melbourne, VIC 3004, Australia, is where its office is.

Peter Terrill, who is the company’s Managing Director, is well-known in the business world.

Zash Ventures says it can help investors get the most out of their money and help businesses succeed by giving them high-value, disruptive ideas.

They say they are new, but their core team has been working on this for years.

What they don’t say is that Peter Terrill, who started Zash Ventures, has a past of running scam investment firms.

This is not his first business venture. But his last business deals were full of problems, and investors lost millions of dollars.

In the next part of this Zash Ventures review, we’ll learn more about Peter Terrill’s past:

Peter Terrill Zash Ventures: A History of Running Fraudulent Investment Firms

When Peter Terrill’s small investment company, Zash Ventures, was caught lying in 2019, it made headlines.

The company offered its clients benchmarked rates of return. But some clients said that it gave the wrong impression that it had money from the private equity giant Blackstone Capital.

Jason Mistry, the former head of institutional investments, said that C2 Capital Investor Channels used to rely on “fraudulent documents” that said it had access to millions of dollars in loans from HSBC, Wintershall Holding, and Blackstone Capital.

Keep in mind that Wintershall Holding is another big company with a good name in its field.

At that time, C2 Capital Group was run by Peter Terrill of Zash Ventures.

When Peter Terrill of Zash Ventures threatened Mistry

Mistry told Peter Terrill that he had given Peter Terrill these papers. But Peter told him to keep it quiet and not tell the other leaders.

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When Mistry brought up his worries again about the future, Peter Terrill fired him.

C2 Capital Group was a tool for managing alternative asset funds and investments. It had offices in Singapore, Melbourne, and Sydney.

Mistry said that the firm’s deal for a life of credit worried him. He saw that there was a lot of “wooly language” on the term sheet. Also, it mentioned a website called “Blackstone Fund Pty Ltd,” which made it seem like Blackstone Capital was the seller.

Mistry went to the website of Blackstone Fund Pty Ltd, but there were no links to the main website of Blackstone Capital. It didn’t have any staff names or ways to get in touch.

In his claim to the Federal Circuit Court, he said that it was just a “badly written one-page website.”

Also, Akiva Kremnizer, who was the head of C2 Capital South-East Asia, told Mistry that Dr. Andrea Leta, who started Blackstone Fund, was a senior partner at Blackstone Capital.

But Dr. Leta had nothing to do with the so-called giant.

When Mistry asked about the firm’s funding, Kremnizer reportedly gave him a “black letter of credit” from HSBC and an email from their chief risk officer, Mark Moses.

He also showed him a letter from Wintershall Holding that said they were willing to give a $14 million line of credit.

Allegedly, Peter Terrill Told Mr. Mistry, “There will be consequences” if he told anyone else about the fake information.

Mr. Mistry didn’t trust the HSBC email. So, he checked with the bank and found out it wasn’t real.

Later, he told Managing Partner Peter Terrill to look into it and let the regulator and the board of directors know what he found. But he said that he wanted to ‘eyeball’ Kremnizer to find out what was going on.

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Worse, the new Managing Director of Zash Ventures told Mistry that “there would be consequences” if he told the other directors.

Mistry kept talking about how strange this practice was over the next few months.

Mistry complained in the morning of February 20 that he was uncomfortable because other directors didn’t know how Kremnizer had given them fake papers. He also didn’t like how Peter Terrill had asked him to keep those papers secret.

At 1:17 PM that day, Peter Terrill of Zash Ventures told Mistry that he wasn’t sure the credit documents were fake and that, as the single director, it was up to him to decide whether to share this information with “unrelated parties.”

He is said to have told Mistry that he shouldn’t worry about whether or not the credit papers were real.

After about 30 minutes, Mistry was fired by the company. They told him that his job was no longer needed because it was hard to get and keep the backing of institutional and family offices.

Mistry said that C2 Capital fired him because he told them he was worried about the fake credit papers.

But Peter Terrill didn’t answer any of the claims, saying that it would be a matter of facts.

Peter Terrill Remi Capital: A $100 Million+ Loss, Dismissal

Later, Peter Terrill of Zash Ventures changed the name of C2 Capital Group to Remi Capital Group.

This year, the company went out of business because it owed $124 million and didn’t have any assets that could bring in money. Administrators of the company say that it has never been able to pay its bills.

When Peter Terrill started Remi Capital Group, he knew that the ways the company raised money were not good. Still, he did it.

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In June 2022, the company’s managers told the investors that hundreds of investors had given the company millions of dollars over 5 years. The company told the people who gave them money that they would get their money back every three months for a year.

News about Zash Ventures

But in May 2022, when they owed $62 million to more than 400 investors, $22 million in protected debts, $30 million in loans to related entities, and $6 million to the Australian Taxation Office, they went out of business.

Also, the company owed its owners and employees a lot of money.

The Australian Securities and Investments Commission has started to look into the situation.

The first reviews showed that Remi Capital Group only used 20–30% of the money it got from investors to buy things. It spent about 69% of the money on running the business and the other 11% on commission and risk fees.

“In its four years of existence, Remi Capital Group never finished a single property project, and Peter Terrill was its Managing Director for three of those years.”

To buy the needed buildings, the company had to borrow money from lenders at high rates. But it also lost money when it sold the land.

The review found that the company did not buy a single asset that would bring in money. So, it didn’t finish even one real estate deal.

Peter Terrill started C2 Capital, which later became Remi Capital, in 2018. The first review by the administrators showed that the company started with $3 million in equity but $60 million in debt.

It also got money from buyers in the form of short-term debt in the form of 12-month loan notes. Investigators said that this didn’t make sense because the company was based on long-term property projects.

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Under the direction of Peter Terrill of Zash Ventures, the company paid quarterly interest to its owners of 8% per year. It also had a 5% maturity rate, which meant that buyers could get their money back after 12 months.

When he started the company, Peter Terrill didn’t hire an auditor for Remi Capital, also known as C2 Capital.
Even though he was an authorized representative with an Australian Financial Services License, the company didn’t do the audits that were needed when it raised money from retail investors.

Peter Terrill of Zash Ventures never hired an auditor, so there were no financial records that had been checked.

Investors gave the company $84 million while Terrill was in charge, and the rest of the money came in while Mr. Prestige was in charge.

Peter started Zash Ventures after he was let go from his job.

Can You Trust Zash Ventures?

Zash Ventures is not a trustworthy company. Its boss ran a scam that cost millions of dollars and is now being investigated by the ASIC.

Also, he was sued when he fired another director because he wanted to show that his company had used fake credit papers.

Peter Terrill is not a good boss, and his most recent project is Zash Ventures.

Given his past, buyers and business owners should probably stay away from this firm. This business has a terrible risk-to-reward ratio, and only Peter will likely end up making money.

You shouldn’t work with finance professionals who have a past like this.

Steven Sulley, for example, is a carbon credit con artist who stole money from clients with 2 different companies.

So, you should stay away from Zash Ventures and Peter Terrill.

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