Ponzi-scheme company liquidators given time to investigate scam ‘winners’

Matthew Critchley and Nicola Ziaras of Corrs warn that with the increasing presence of investment scams in Australia, ‘winners’ of international Ponzi-type schemes may increasingly become the subject of liquidators’ investigations into voidable transactions and note that, in light of a recent decision, courts appear willing to extend the statuary timelines for insolvency professionals to complete their investigations.

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