Foxi Capital AU Pty Ltd
SR Group are looking into Foxi Capital AU Pty Ltd and the potential of undertaking recovery actions on behalf of affected investors.
If you are a current or former investor in Foxi Capital (formerly known as RAIC Pty Ltd), we would like to hear from you. Please contact us using the form below to arrange a cost and obligation free discussion of your circumstances and the actions that may be available to you.
Background
In June 2023, ASIC banned the director of Foxi Capital AU Pty Ltd and authorised representative of Responsible Entity Services Ltd, Shaun Fox from providing financial services and being involved in carrying on such a business for a period of eight years.
In November 2020, Mr Fox set up RAIC Pty Ltd, now known as Foxi Capital AU, where he offered consumers investment opportunities, including units in the Pleasure Point Mine Unit Trust and Plazrok Investor Trust. Mr Fox also offered consumers the opportunity to invest in various property developments through the Retirement and Investment Centre and RAIC Capital.
ASIC found Mr Fox contravened financial services laws by making false and misleading statements and engaging in misleading and deceptive conduct in relation to financial products.
Mr Fox represented to several investors that they could roll over their investments in older property schemes into the Pleasure Point Mine Unit Trust, on similar terms to their existing investment. Investors that accepted the offer did not receive certificates or appear on the Unitholder Register.
Additionally, Mr Fox represented that he had gifted investors equity through shares in Pleasure Point Mine Pty Ltd. Investors did not appear on the Pleasure Point Mine Pty Ltd Shareholder Register and did not receive share certificates.
Getting Help
If you are a current or former investor in Foxi Capital (formerly known as RAIC Pty Ltd), and are concerned about your investment, please contact us to discuss your options. SR Group can help you determine if and whether you have a potential claim on a cost and obligation free basis, as well as your options in pursuing a potential claim.
Similarly, if you received financial advice to invest in Foxi Capital (formerly known as RAIC Pty Ltd), from any party, we would like to speak to you. Please contact us using the below form to arrange a free discussion of your circumstances and the actions that may be available to you.
If you are a current or former investor in Foxi Capital (formerly known as RAIC Pty Ltd), we would like to hear from you. Please contact us using the form below to arrange a cost and obligation free discussion of your circumstances and the actions that may be available to you.
Background
In June 2023, ASIC banned the director of Foxi Capital AU Pty Ltd and authorised representative of Responsible Entity Services Ltd, Shaun Fox from providing financial services and being involved in carrying on such a business for a period of eight years.
In November 2020, Mr Fox set up RAIC Pty Ltd, now known as Foxi Capital AU, where he offered consumers investment opportunities, including units in the Pleasure Point Mine Unit Trust and Plazrok Investor Trust. Mr Fox also offered consumers the opportunity to invest in various property developments through the Retirement and Investment Centre and RAIC Capital.
ASIC found Mr Fox contravened financial services laws by making false and misleading statements and engaging in misleading and deceptive conduct in relation to financial products.
Mr Fox represented to several investors that they could roll over their investments in older property schemes into the Pleasure Point Mine Unit Trust, on similar terms to their existing investment. Investors that accepted the offer did not receive certificates or appear on the Unitholder Register.
Additionally, Mr Fox represented that he had gifted investors equity through shares in Pleasure Point Mine Pty Ltd. Investors did not appear on the Pleasure Point Mine Pty Ltd Shareholder Register and did not receive share certificates.
Getting Help
If you are a current or former investor in Foxi Capital (formerly known as RAIC Pty Ltd), and are concerned about your investment, please contact us to discuss your options. SR Group can help you determine if and whether you have a potential claim on a cost and obligation free basis, as well as your options in pursuing a potential claim.
Similarly, if you received financial advice to invest in Foxi Capital (formerly known as RAIC Pty Ltd), from any party, we would like to speak to you. Please contact us using the below form to arrange a free discussion of your circumstances and the actions that may be available to you.