The Office of the Australian Information Commissioner found that Master Wealth Control Pty Ltd breached privacy laws by sharing sensitive personal details of distressed individuals with course participants.
The 12-month Elite Mentoring Program, priced between $25,000 and $30,000, included a Weekly On and Off Market Leads List featuring names, addresses, and circumstances of distressed sellers.
After a federal court ruling, DG Institute was fined $6 million and ordered to pay $14.7 million in redress to over 1,200 participants due to misleading representations.
The serious nature of DG Institute's conduct and the substantial penalties showcase the consequences of making false claims in consumer promotions, stated ACCC commissioner Liza Carver.
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