The Australian Securities and Investments Commission (ASIC) has successfully applied to the Federal Court of Australia for a seizure order against Tyson Robert Scholz, a social media financier, which had the effect of bankrupting Scholz.。

ASIC applied for a seizure order after Scholz failed to pay the costs ordered by the Federal Court of Australia in relation to a lawsuit filed by ASIC in December 2021.。ASIC has applied to the Australian Financial Security Authority to appoint a trustee for Scholz's assets。

In December 2022, the court found that Scholz had breached section 911A of the Companies Act by conducting a financial services business without an Australian financial services licence between March 2020 and November 2021.。

On 13 April 2023, the Federal Court issued a permanent injunction against Scholz, prohibiting him from conducting financial services business in Australia in violation of the Companies Act.。Judge Towns orders Scholz to pay ASIC's court costs。

On June 22, 2023, the Registrar of Justice, Allaway, ordered an assessment of these costs and a one-time fix of 456 296..64美元。

As a result of Scholz's failure to make this payment, ASIC served a bankruptcy notice on Scholz on July 25, 2023, and then filed a creditor complaint in federal court on October 18, 2023.。The court heard the application on 22 February 2024 and issued a seizure order against Scholz.。The effect of the order was to bankrupt Scholz。

Under the Companies Act, an undischarged person may not:

• Management company (without court permission)
• Acting as administrator of a company or a deed of corporate arrangement
• act as liquidator of the company
• Related to clearing and settlement facility licensees, market licensees or derivatives trading repository licensees

If someone goes bankrupt, ASIC can also:

• revoke or suspend the person's Australian financial services licence
• A restraining order prohibiting the person from providing financial services
• Disable the person's registration as liquidator