Kaye-linked group closes its doors

The Sydney-based Empower Group which provided customers for Henry Kaye's property investment seminars and real estate developments has closed down. Staff were dismissed on Thursday but it's unclear whether the company has been placed in receivership or liquidation. Brian Barnard, a spokesman for Mr Kaye's company National Investment Institute, confirmed the Empower Group's closure and said it would have implications for NII. Sources close to Mr Kaye have suggested that NII is also considering closing its doors.

Advertisement