ob体育 has successfully applied to the Federal Court of Australia to wind up two NSW-based companies, SA Services & PW Pty Ltd (SA Services) and Orphans Asia Pty Ltd (Orphans Asia).
SA Services and Orphans Asia came to ob体育鈥檚 attention during the investigation into PW Kitt Co Pty Ltd (PW Kitt Co) and Larry Dawson, both the subject of ob体育 action in the Federal Court of Australia last year (20-187MR).听
ob体育鈥檚 application was based on concerns that SA Services and Orphans Asia allegedly obtained approximately $2.4 million in Australian investor funds through cold-calling Australian consumers and operating the now defunct website smsfadvisory.com. Neither SA Services nor Orphans Asia are licensed or authorised to deal in financial products or provide financial services.
At ob体育鈥檚 request, the companies passed special resolutions resolving that their respective companies be wound up by the Court.
ob体育 obtained orders that Michael Hill and Anthony Connelly of McGrathNicol, the current liquidators of PW Kitt Co, be appointed as joint and several liquidators of SA Services and Orphans Asia.
Background
ob体育鈥檚 concerns about Orphans Asia and SA Services arose during its investigation into Larry Dawson and PW Kitt Co. Larry Dawson is a director of both PW Kitt Co and Orphans Asia. ob体育鈥檚 investigation identified that PW Kitt Co obtained over $7.4 million in Australian investor funds through allegedly cold-calling and operating the websites smsfadvisory.com and pwkittco.com. PW Kitt Co held no licence or authority to deal in financial products or provide financial services.聽
ob体育 has since successfully applied to the Court to wind up and appoint liquidators to PW Kitt Co. ob体育鈥檚 action against Larry Dawson for breaching his duties as a director of PW Kitt Co has been adjourned pending the hearing and determination of a NSW Police criminal proceeding against Mr Dawson (20-187MR).