Tim Johnston: Australia’s Most Wanted Man

Tim Johnston's Australian company, Firepower, seemed to have found the answer to the global energy crisis. It claimed that their “magic” pill would slash fuel costs by nearly 42 per cent, thus providing a saving of up to (Australian) $20 a tank and cut harmful emissions. The company now seems to be in big trouble with Johnston reportedly on the run.

Investors bought more than Australian $80m worth of shares in Johnston’s company. The Australian businessman enjoyed an opulent lifestyle, and bought himself expensive toys, including the country’s leading basketball team, the Sydney Kings, reports The Independent. “The Australian media, meanwhile, have uncovered documents revealing that the fuel-saving properties of Firepower’s little pill are – perhaps not surprisingly – unproven.

“Yet the company engaged the interest of the likes of John Howard, the former Australian prime minister. Mr Howard witnessed the signing of a deal in Pakistan, where Australia’s High Commissioner, Zorica McCarthy, later bought 200,000 Firepower shares.

“So is Mr Johnston in London, Bali, Singapore or the British Virgin Islands, where various reports have placed him? Among those wanting to know are the Australian Tax Office and the Australian Securities and Investment Commission, which are investigating his affairs. The (Sydney) Kings’ liquidator is seeking a warrant for his arrest.”
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Johnston tried to sell his “magic pills” in New Zealand 16 years ago. More here…