ASIC has secured interim travel restraint orders against Stephen Vincent McGovern, Managing Director and CEO of Dubber Corporation Limited, and Mark Madafferi, solicitor and principal of North Melbourne law firm, Christopher William Legal.
ASIC has concerns that Mr McGovern and Mr Madafferi may have breached the Corporations Act in respect of the suspected misuse of term deposit funds of Dubber Corporation or one of its subsidiaries, purportedly held on trust by Mr Madafferi. ASIC understands that $26.6 million is still unaccounted for.
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-055mr-managing-director-of-dubber-corporation-restrained-from-leaving-australia
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