PHOTO: Veronica MacPherson in Newman. Supplied

The mastermind of a suspected Pilbara Ponzi scheme, Veronica Macpherson, is trying to establish a new property business, despite being permanently banned from providing financial services.

Key points:

  • Veronica MacPherson’s previous business collapsed owing investors $285m
  • She was investigated for spending money on expenses including lavish parties
  • Now she is looking to establish a new business that is subject to different regulations

Ms Macpherson is behind a new cooperative enterprise which aims to develop housing for Pilbara workers and commercial property projects.

It comes just three years after the collapse of her Macro group of Pilbara property development companies, with creditors owed more than $285 million.

Allegations of forgery, irregular property transactions and manipulation of financial records were last year referred by her liquidator, Hayden White of KPMG, to the corporate watchdog, which is still investigating Ms Macpherson and some of her former associates.