Flash insta FINfluencer who styled himself on the Wolf of Wall St and bragged about his glamorous jetset life goes BUST – after the taxman seized his assets

A financial influencer whose social media is filled with a stream of supercars and overseas holidays will have his Australian assets seized and held in custody following a request from the corporate regulator.

Tyson Scholz was hit with seizure orders by the Federal Court on Thursday after a protracted legal battle with the Australian Securities and Investments Commission (ASIC), which accused him of providing unlicensed financial advice.

The Gold Coast resident, who went by the name ‘ASX Wolf’ on social media but recently rebranded as ‘Infinity Trading’, had outstanding legal fees of more than $450,000 which he had previously been ordered to pay to ASIC.

The watchdog had been pursuing Scholz since December 2021, claiming his promotion of stock trading and investments on social media amounted to an unlicensed financial services provider, which Scholz denied.

The seizure orders will essentially force Scholz’s bankruptcy, banning him from running any business until he is fired.

In 2023, the ‘ASX Wolf’, as he is also known, sold his luxury mansion Gold Coast Mansion for $4.61 million

Scholz has posted photos of his Lamborghini Aventador with the license plate ‘ASX Bull’ and a Ferrari GTB with an ‘ASX Wolf’ license plate. It is unclear whether he owned or rented the cars (photo)

Following proceedings by ASIC, the court found in December 2022 that he had provided an unlicensed financial service through his online business between March 2020 and November 2021.

Judge Kylie Downs issued him a permanent cease and desist order in April 2023 for ‘carrying on a financial services business in Australia contrary to s911A of the Corporations Act’.

Specifically, Scholz was banned from “hosting online groups that charge membership fees and involve the exchange of messages between members regarding stock transactions (either in a group chat or via direct messages from Mr Scholz), without an Australian Financial Services License.” ‘.

Scholz was banned from practicing financial services and ordered to pay ASIC’s legal costs (pictured with his wife)

In June he was ordered to pay the hefty sum of $456,296.76 in ASIC’s legal costs.

But in July 2023, with no payments made, he was served with a bankruptcy notice, followed three months later by ASIC filing a creditor’s petition in the Federal Court, leading to Thursday’s ruling.

Scholz’s legal troubles don’t seem to be slowing down his jet-set lifestyle, with the ‘Wolf’ posting a series of stories on his Instagram in recent days in which he appears to be living it up in ultra-luxury hotels and fine dining restaurants in Dubai.

His legal troubles don’t seem to be slowing down Scholz and he has recently posted photos of excellent restaurants in Dubai

In another clip, Scholz takes his followers on a tour of an ultra-luxury hotel suite in Dubai

Before Dubai, he was dog sledding in the French Alps and relaxing at famous restaurants

Before that, January saw him dog sledding in the French Alps and relaxing at the famous mountain restaurant Bagatelle Courchevel, where he declared ‘France is for living’.

Late last year he was on holiday in Greece before returning to the United Arab Emirates, posing in a $600,000 Rolls Royce, which he is not believed to own, and motorcycling through the desert near Dubai.

Scholz calls himself a “global stock trader with 10 years of experience” on his Instagram, which still links to his “trading academy” which offers a course described as a “complete introduction to trading” and a “door to understanding financial markets ‘.

He regularly shares posts next to or in luxury supercars, boasting that he has added them to his ‘collection’

Just three weeks ago he posted that he was ‘working on a major mining deal’ and tagged South Africa and Cape Town.