Lisa Ho has filed a lawsuit against her former friend Hamish McLaren, claiming that she lent McLaren $850,000 from her super fund to receive a promised 18% return.
The AFR reports that Ho lent the money in 2011 but was returned less than $200,000 last year despite demands from herself and her legal team.
The lawsuit comes less than a year after the Lisa Ho fashion label was forced into administration.
McLaren, who has previously been suspended from being a financial adviser by the Australian Securities and Investments Commission, has not yet filed a defence.
The AFR has more.
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