The Naysayer

You can find updates on this case here.

As the date for hearing approaches, here’s some background about Dominique Grubisa.

On 18^th March 2024, the Federal Court (Sydney) will start hearing the ACCC’s case against Dominique Grubisa and Master Wealth Control (trading as DG Institute).  Master Wealth Control was owned jointly by Grubisa and her husband Kevin and more recently by a company controlled by Kevin.  See ACCC’s statement provided to the Court

The ACCC alleges that Grubisa made misleading representations in relation to Real Estate Rescue program and Master Wealth Control program. 

The three specific misrepresentations alleged by the ACCC are:

• if a bank repossesses and sells a home, the homeowner loses all their equity because “banks don’t give change”
• the Vestey Trust was “bulletproof”, “impenetrable” and would result in students being “unable to be effectively pinned down by creditors”
• the Vestey Trust structure had been tested and upheld as effective by the Full Federal Court of Australia in case Sharrment.

These three alleged misrepresentations were made when selling courses and products.  Her conduct has also been of concern to other regulators, and it is my opinion that much of the content of the courses and manuals was incorrect or unethical.  

• Who is Dominique Grubisa?
• Products and courses
• Dodgy claims
• Legal action and criticism
• Grubisa’s response to regulators and critics
• Grubisa’s boasts
• Who are the victims?

ASIC has banned Grubisa for four years from “engaging in credit activity, providing financial services, performing any function in a credit entity, or controlling a credit entity or financial services business”