On 27 April 2021, the Federal Court made orders by consent restraining Kewa Ruwhiu, Mathew Ruwhiu and Debts Knockout from carrying on, promoting or providing referrals to any business associated with Mr David Murphy or Mr Anastasios Mavroulis where that business is involved in specified activities outlined in the orders, and otherwise dismissed the proceedings against them.
These orders relate to any business using the name "Debts Knockout", "Debt Wipeout" or any other name that involves:
- individuals or businesses with a loan or debt providing, or being encouraged to provide, an amount (or other consideration) to any person (or their servants, agents or employees); and
- that person purports to make a non-cash payment to discharge the loan or debt (wholly or in part).
ASIC previously obtained interim orders and injunctions from the Federal Court against Mr Murphy, Mr Mavroulis, Mrs Ruwhiu, Mr Ruwhiu and Debts Knockout in relation to their involvement in Debt Wipeout, a business operated by Mr Murphy and whose name is owned by Mr Mavroulis (20-243MR).
This concludes the case against Mr and Mrs Ruwhiu and Debts Knockout.
The proceeding against Mr Murphy and Mr Mavroulis is scheduled to return before the Federal Court for a case management hearing on 15 June 2021.
