Fund Options (Australia) Pty Limited
ACN 603 782 903
(In Liquidation) ("the Company")

On 15 May 2015, David Iannuzzi was appointed Liquidator of the Company.

As a result of the investigations undertaken by the Liquidator, it has been discovered that the Company was apparently trading binary options online using a platform called “BancDe Options” from a Hong Kong based website and a platform called “Options Rider” from a New Zealand based website.

These websites served as a global marketplace / platform for “investors” who wished to trade binary options over stocks or currencies.  The business of the Company is suspected to have been a Ponzi scheme.

The Liquidator’s investigations have also revealed that numerous deposits have been made to the Company’s bank accounts from within Australia and from numerous overseas countries. The Liquidator’s analysis has identified deposits of approximately $5.4 million and withdrawals of approximately $4.1 million.  To date, the Liquidator has recovered approximately $1.3 million from the Company’s bank accounts (“the Funds”). 

On 5 December 2018, following an application to the Federal Court of Australia (“the Court”), the Court ordered the Liquidator to call for and adjudicate on proofs of debt from the depositors and other creditors and then distribute the Funds to all admitted creditors (“the Order”).  Any surplus after this distribution is to be distributed to the Australian Securities and Investments Commission.

Given the Order made by the Court, the Liquidator now requests depositors who made deposits into the Company’s bank accounts during the period from 29 January 2015 to 1 December 2015 to contact our office by telephone on +61 2 8999 9330 or by email via This email address is being protected from spambots. You need JavaScript enabled to view it..

The Company’s bank accounts include the following:

  1. Bank name: Commonwealth Bank of Australia
    BSB: 062 468
    Account no: 1060 6266
  1. Bank name: St George Bank
    BSB: 112 879
    Account no: 468 546 551

If you are a depositor and have utilised another bank account for your deposit, please provide the details once you contact Veritas Advisory.

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