The corporate watchdog has obtained a freezing order from the Supreme Court of Queensland over assets of the director of Members Alliance Group.
ASIC has successfully restrained Deborah Malborough, the director of Members Alliance Group, from dealing with properties held in her name.
The watchdog secured the order because it suspected Malborough may have funded or maintained the property with money obtained from the Members Alliance Group.
Members Alliance Group was a group of companies operating on the Gold Coast that went into administration in July 2016.
The company allegedly fleeced victims of millions of dollars through a cold-calling scheme by signing them up for houses that were never finished.
According to a report by News Corporation, there were dozens of victims of Members Alliance, with houses meant to be finished as far back as 2014 still incomplete in 2016. Buyers were left with large loans, no rental income, and without access to finish the job.
The Supreme Court appointed provisional liquidators to five companies within the Benchmark Private Wealth Group, a group of companies related to the Members Alliance Group, in November 2017.
Malborough has been restrained from selling, charging, mortgaging or otherwise dealing with four properties in Queensland. Three of the properties are in Hope Island, just north of the Gold Coast, and one is in Paradise Point.
The husband of Deborah Malborough, Richard Malborough, has also been restrained from selling, charging, mortgaging or otherwise dealing with a Rolls Royce Wraith 665C black coupe 2014.
Business News Australia
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