Firepower International

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When Firepower fraud scandal is one of the most spectacular and largest fraud scandals in Australian history.

Tim Johnson, chief of the little-known technology company Firepower, claimed to have found a substance that can burn fuel more efficiently to the motors. Governments around the world were interested in the " miracle pill " and the Australian government promoted the company. So the Australian Embassy announced the Sensation worldwide. By thus generated attention succeeded Johnson to collect $ 100 million for interested investors. Since the miracle substance, however, did not exist the money from Johnson was not invested, but hidden in the British Virgin Islands, a tax haven. Tim Johnson went bankrupt in 2007.

The scandal was uncovered by the Australian journalist Gerard Ryle, who worked for the Australian newspaper Sydney Morning Harald and processed in a book.