Fos­ter bankrupted

Pharmacy Daily - - Front Page -

THE Fed­eral Court de­clared Peter Fos­ter bank­rupt last week, grant­ing the ACCC’s ap­pli­ca­tion for a se­ques­tra­tion order af­ter he failed to pay costs in the long-run­ning Sensa Slim mat­ter (PD 02 Dec 2011).

Fos­ter was found guilty of mis­lead­ing or de­cep­tive con­duct and of mak­ing false or mis­lead­ing rep­re­sen­ta­tions around his in­volve­ment in the Sensa Slim fran­chise scam.

“The ACCC took this ac­tion be­cause we are com­mit­ted to en­forc­ing com­pli­ance with court or­ders made against in­di­vid­u­als and com­pa­nies for breach­ing con­sumer law,” ACCC Com­mis­sioner Sarah Court said.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.