The Federal Court has today ordered Master Wealth Control Pty Ltd (DG Institute) to pay $5 million in pecuniary penalties for making false or misleading representations to consumers in the promotion and sale of two education programs called Real Estate Rescue (RER) and Master Wealth Control (MWC), and to pay consumer redress totalling $14.7 million to students enrolled in the MWC program.
The Federal Court has found that Master Wealth Control Pty Ltd, trading as DG Institute breached the Australian Consumer Law, and that its sole director Dominque Grubisa was “knowingly concerned in the contraventions”, in proceedings brought by the competition watchdog, the ACCC.
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