A buyer’s agency reportedly transferred its ownership to the Virgin Islands before entering liquidation last week, leaving limited scope for clients to recover their funds.
On 28 May, buyer’s agency Dashdot announced its liquidation via an open letter, following mounting pressure across Australia’s property investment sector. Documents show that Martin Ford and Rebecca Gill from Teneo Financial Advisory Australia Pty Ltd were appointed as joint and several liquidators of the company.
However, as reported by Broker Daily sister brand Real Estate Business (REB), ASIC documents reveal that the majority of shares in Dashdot were sold to a British Virgin Islands company two years ago, leaving Australian customers…