A director of a company that took advantage of men suffering sexual dysfunction has been declared bankrupt after failing to pay the consumer watchdog’s legal costs.
Jacov Vaisman is the former director of the Advanced Medical Institute (AMI) and NRM, the company that bought AMI and continued to operate the business.
The Australian Competition and Consumer Commission took AMI and Mr Vaisman to court in 2015 for taking advantage of vulnerable men suffering sexual dysfunction.
Federal Court Justice Anthony North found AMI engaged in unconscionable conduct in its sales pitch, which included telling men their penises would shrink if they didn’t agree to treatments offered by the company.
The Federal Court on Tuesday granted an ACCC application …
Read the full article at: http://www.news.com.au/finance/business/breaking-news/sex-clinic-founder-declared-bankrupt/news-story/e2128013e4d0d67b38263b1b8652ba25
