CORPORATIONS – winding up – unregistered managed investment scheme – scheme – interest in scheme –unlicensed financial services business – financial products – dealing in financial products – business where the second defendant executed ‘loan agreements’ with investors and pooled loan funds in bank accounts – where second defendant represented loan funds would be used for ‘investments’ – liquidator of company and scheme appointed – winding up corporate trustee – receivers and managers of trust assets appointed
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2023/2023fca0361
For more information, see the original judgement.
