The most spectacular fraud in Australian history
by Gerard Ryle
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A magic pill that cuts fuel consumption and reduces emissions ...... that was the miracle promised by Tim Johnsto's company, Firepower.
Everyone believed him; prime ministers and presidents, doctors and diplomats, business leaders and sporting heroes - even ASIC the corporate watchdo - 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's history.
Tim Johnston divided his people into Oranges and Lemons. Those who did't know him enough yet, he called Oranges. They thought he was nice and sweet and juicy. But those who really got to know him became Lemons: he left them bitter and twisted'
- Allen & Unwin, May 2009
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