The Berndale Group of entities held an AFS license and operated as an over-the-counter derivatives provider in forex trading.
During our appointment, we conducted extensive investigations, including public examinations involving multiple parties, aimed at uncovering suspected misconduct by the directors and identifying actionable claims.
Our efforts resulted in the successful pursuit of claims, relating to assets purchased using group funds but held outside of the group.
Furthermore, our investigations played a pivotal role in ASIC pressing charges against two former directors of the group for dishonesty offences, specifically their alleged misuse of over $1 million of company funds.