The Court held that the defendant engaged in misleading and deceptive conduct in contravention of s 18 of the Australian Consumer Law and s 12DA of the ASIC Act by making false representations to induce the plaintiff to invest $52,500 USD in cryptocurrency through the defendant, and that the defendant breached his fiduciary duties as trustee under a deed poll by transferring the trust funds to a third party for that person's personal benefit, awarding the plaintiff $67,000 AUD in damages plus pre-judgment interest.
The full text is available to signed-in members.