04-08-2025
‘Dishonest' property spruiker Dominique Grubisa collapses into bankruptcy
Investment property spruiker Dominique Grubisa has gone into voluntary bankruptcy.
Grubisa blamed it on 'unemployment, marriage/relationship breakdown, business failure and legal action'.
Her current bank balance is $73, with no assets other than $5000 in jewellery.
Grubisa's statement of affairs advises she owns no property in NSW, nor car, super, shares, bitcoin or betting account.
Wedgewood Lodge, her former luxury Bobbin Head Rd, North Turramurra trophy home, was sold in 2023 for $5.28m, with Grubisa advising that all the proceeds went to ex-husband Kevin as part of a matrimonial settlement.
She is living rent-free at an undisclosed location, noting it was not with a spouse, parents or other family member.
The director of the DG Institute wealth through property seminar program sought to keep her occupation suppressed in the statement of affairs submitted to trustee Michael Jones.
She advised debts totalling $3.44m, with the Australian Competition and Consumer Commission (ACCC) being owed $1.95m.
Last December, the Federal Court of Australia full court dismissed Grubisa's appeal against the ACCC case that found her DG Institute made false or misleading representations to consumers in the promotion and sale of education programs called Real Estate Rescue (RER) and Master Wealth Control (MWC) between 2017 and 2022.
More than 3000 consumers paid between $4500 and $9200 to enrol.
Grubisa had appealed against the $1m penalty that she was ordered to pay, which was accompanied by being disqualified from managing a corporation for five years.
The court ordered Grubisa to pay the ACCC's costs.
Her conduct was 'deliberate and dishonest', Federal Court Justice Ian Jackman found in 2024.
