A Lamborghini-driving share trader who calls himself the ‘ASX Wolf’ is selling his lavish Gold Coast mansion just weeks after a court found he was running a financial advice business without a licence.
Tyson Scholz, a financial influencer with 21,000 followers on Instagram, has listed his waterfront home at the exclusive Sanctuary Cove for $4.6million.
The five-bedroom mansion with a private jetty and marble floors is selling for just $300,000 more than Scholz paid for it 10 months ago – estimated to be a net loss after stamp duty and interest is taken into account.
It comes after Scholz and his glamorous partner Sophie Lee Anderson married on their return from a world tour of Paris, Greece, Switzerland and Dubai.
The sale also comes as the 37-year-old stares down an interest rate cliff – with his loan agreement spiking to an eye-watering 18 per cent on April 11 after having been locked at 9.9 per cent for 12 months, according to the AFR.
However, Scholz, who has regularly boasted about his life of luxury, told the AFR its estimation that he would make a net loss on the property was ‘incorrect’.
Tyson Scholz (pictured with his now wife Sophie Lee Anderson) is selling his lavish Gold Coast mansion ahead of an an eye-watering alleged 18 per cent spike in his mortgage interest rate
The five-bedroom waterfront home (pictured) with private jetty and marble floors is listed for just $300,000 more than Scholz paid for it for 10 months ago – estimated to be a net loss
Tyson and Sophie Lee (pictured above in Santorini) recently returned from a lengthy luxury world tour of Greece, France, Switzerland and the Middle East
Six weeks ago, the Federal Court in Brisbane found Scholz had breached the law by running a financial service business via his @ASXWOLF_TS Instagram and Twitter accounts between March 2020 and November 2021 without a licence.
During that time Scholz posted photos of his Lamborghini Aventador with the licence plate ‘ASX Bull’ and a Ferrari GTB with an ‘ASX Wolf’ plate.
He also showed pictures of himself drinking Dom Perignon, stock trading on a yacht and at idyllic destinations with his then-fiancée.
In January 2021, he posted on an Instagram that he had made $132,866.91 in one day of trading, boasting that he was ‘cracking 1million in profits all in 28 weeks’.
However, in its December 20 ruling last year, the Federal Court found the use of Instagram, seminars and the social media messenger service Discord to ‘pump’ stocks was not within financial services laws on the provision of financial advice.
The ruling was considered a landmark win against financial influencers on social media – or ‘finfluencers’
Corporate watchdog, the Australian Securities and Investment Commission (ASIC), said Scholz’s contravention of Corporations Act was a warning for ‘those who discuss financial products and services on social media’.
Sophie Lee posted this photograph on Instagram on February 1 with the caption ‘post wedding recovery lunch’
Scholz has posted photos of his Lamborghini Aventador with the licence plate ‘ASX Bull’ and a Ferrari GTB with an ‘ASX Wolf’ plate
Scholz has strenuously denied he was running a financial services business that required a licence.
The sale of his Gold Coast mansion comes just over a year after he was caught faking an elaborate wedding proposal with a helicopter and a private jet.
Social media posts he made in December 2021 suggested he had proposed to Ms Anderson as part of an adventure which included a flight across the Queensland-NSW border and back to the Gold Coast.
The posts caught the eye of Queensland Police as the border crossing would potentially have breached Covid restrictions in place at the time.
Anyone wanting to enter Queensland in December 2021 was required to complete a border application and test negative to Covid up to 72 hours before entry.
Tyson Scholz, the trader known as the ASX Wolf, is pictured with his now wife Sophie Lee in Dubai on their recent luxury tour of the Middle east and Europe
The marble interior of the five-bedroom mansion which is expected to fetch $4.6m when sold by Tyson Schulz who is allegedly facing a crippling loan rate hike on the property
However, the police investigation found footage of a jet used in the posts was old and that Scholz had not left the state.
The marriage proposal itself was real, and included a helicopter tour of the Gold Coast.
It is not suggested that Ms Anderson had any knowledge of Scholz’s dealings subject to the ASIC investigation.
However, Scholz’s $320,000 yellow Lamborghini turned out to be leased and was later impounded by police over multiple speeding offences.
On February 1, Ms Anderson posted a photo of herself in front of a garland of flowers at the luxury Surfers Paradise hotel, The Langham, with the caption ‘post wedding recovery lunch’.
Scholz and Ms Anderson recently returned from several months’ holiday in Europe and the Middle East.