FMPE investors have a voice in the current legal process involving ASIC vs Gregory Cotton and FMPE.
This website was last updated: Tuesday 23 December 2025, 7:00am.
We would like to draw your attention to the links at the bottom of this website to community support organisations that offer assistance with wellbeing and financial stress.
We scheduled a webinar with investors on Monday 22 December; however, significant technical issues meant the webinar could not proceed as planned. We sincerely apologise to those who were waiting — not only for your time, but for the clarity you were seeking during an already difficult period.
Following this, we recorded a panel discussion offline. A link to the recording has been emailed to investors and the video is also embedded further below on this website. While we regret that live engagement was not possible, we hope the recording provides helpful context and clarity. If there is strong interest in holding another webinar in the New Year, we will consider this. Please share your feedback via email below. We appreciate this is not the experience we wanted to provide you.
This next phase, through to April 2026, is focused on clarity — not conclusions.
Following the Court hearing on 15 December 2025, the Court Orders were confirmed and released on 16 December 2025. The Court approved the appointment of Deloitte as Limited Purpose Receivers. This appointment is investigative only and does not involve taking control of the business or liquidating assets. Deloitte will investigate specified aspects of FMPE’s operations and report back to the Court in February 2026.
The next Court hearing is scheduled for April 2026.
In the recorded discussion linked below, we walk through the Court process to date, explain what occurred at the 15 December hearing, and address common questions. Please direct any further questions to info@FMPEInvestor.com and we will respond where we can.
Publicly available Court Orders and decisions can be accessed via the Federal Court portal using reference VID1053/2025. Instructions are also included in the FAQs at the bottom of this website. A copy of the Court Orders was included in our recent correspondence.
We appreciate your patience and the respectful way investors have engaged throughout this process. Our commitment remains clear and unchanged: to protect investor interests and ensure your voice is present in the Court process.
Who We Are
We are a working group of FMPE investors who have come together to voice our concerns to the Federal Court.
Our group has nominated three representatives—Stefan, David and Ferne—to speak on behalf of participating investors in court proceedings. Pete also participates in conversations when we talk to the investor group, many of you met him on our original webinar.
We are not acting as lawyers or professional advocates. We are ordinary investors like you who decided our voices needed to be heard.
While each of our representatives brings corporate business and professional expertise to this effort, we are acting in our capacity as individual investors.
We’re using our skill sets to represent your interests professionally with clarity and purpose.
On behalf of the FMPE investor working group and its participating investors
Stefan, David, Ferne and Pete.
What We Are Not
❌
NOT
Representing all FMPE investors
We can only represent the views of the investors who join this group and want to oppose the appointment of a receiver/administrator/liquidator.
❌
NOT
Asking for Money
This is a volunteer effort. No fees. No membership costs. Any costs we are incurring is being absorbed by the representatives at this stage.
Our Principle
"We want a say in what happens to our money."
This principle guides everything we do. We’re not here to assign blame.
We’re here to protect investor interests and ensure our voices are heard.
Court Hearing occured Monday 15th December, 9am
We’ve submitted an application to the Federal Court to:
STEP 2: Represent Investor Voice in Court.
✓ Not oppose the appointment of a Limited Purpose Receiver, (57 investors supported, 2 did not support via a 2 day survey). (note: we do oppose any suggestion of receivership to liquidate at this time).
✓ We have made it clear in our submission that ideally, Investors would like to understand the proposal, when made available to the investors by FMPE, of how FMPE foresees the go forward operations being managed so the freezing orders had an opportunity of being reversed.
STEP 1: Establish our voice in the proceedings
✓ Apply as a non-party to be heard in court (achieved)
✓ No objection from ASIC (achieved)
✓ No objection from FMPE (achieved)
✓ Court order formalising our involvement (achieved)
✓ Approved to have access to non-confidential ASIC material (achieved)
The Current Situation
ASIC’s action has frozen FMPE operations, preventing investors from accessing their funds.
A Federal Court hearing occurred where ASIC sought to appoint a Limited Purpose Receiver.
The Court approved the appointment of Deloitte SRT Pty Ltd (Deloitte) as Limited Purpose Receivers.
This means:
Deloitte’s role is investigative only.
They do not take control of the business.
They cannot sell assets unless the Court later gives permission.
Their task is to:
Identify and secure relevant property,
Determine how much investor money was received,
Identify how investor funds were used, and
Report their findings back to the Court by 20 February 2026.
The purpose of the report is to provide clarity.
c) Funding for legal and accounting support
The Court approved a limited release of funds to allow Greg / FMPE to pay for legal and accounting costs associated with these proceedings. The Court also approved reasonable remuneration and reasonable costs and expenses for the Deloitte investigation.
d) Next Court hearing
10 April 2026.
What We Have Said
We have produced two recordings, the one below was recorded Monday 22nd December 2025.
This recording was made following technical issues with the scheduled live webinar. The discussion provides a plan english explanation of what has occured to date and what the Court orders include from 15th December hearing. This recording is unlisted (you cannot search for it and only access from a link provided to you).
David, Stefan, Pete and Ferne talk to understanding what has happened to date, address common questions. The next phase through to April 2026 is focused on clarity no conclusion.
FMPE Investor Working Group – Clarity before Conclusions.
We have produced two recordings, one to introduce our groups principles, objectives and actions.
The other produced Monday 22 December 2025 to provide clarity of what has occured and immediate next steps of the Court actions.
The below is our first Webinar.
FMPE Investor Working Group – Principle, Objectives, Actions
(minor wording amendments since we produced this video – as you will see on this website )
More questions? Feel free to send us an email.
Important Information
CONFIDENTIALITY
When you share information with us, we treat it confidentially. We will only use it for the specific purpose of the court process. We have processes in place so that it is only accessed on a need-to-know basis and all information will be securely deleted once it is no longer required.
If you choose to participate and provide information, please be assured that only aggregated information is presented to the Court, with the exception of the entity contracted with FMPE. For example, we combine individual investment amounts into a total aggregate figure.
All information provided to this working group, you, is private. Please do not forward or share any of our communications outside the investor community. If you believe someone should receive communications, ask them to email info@FMPEInvestor.com.
NO GUARANTEES
We cannot promise or predict the outcome of the court process.
What we can promise is that we are representing investor interests and working hard to achieve the best possible result for everyone involved.
STRENGTH IN NUMBERS
The more investors who participate, the stronger our collective position becomes.
Your involvement helps ensure investors have a clear and united voice.
TRANSPARENCY
We are committed to keeping all participants and observers fully informed.
You will receive updates so you always know what is happening and what to expect next.
If you feel like anything is left unanswered, email us at info@FMPEinvestor.com.
Frequently Asked Questions
Can I attend Court when Hearings occur?
Yes, but only via video conference, not in person. You can view via video conference. Instructions are available via https://www.fedcourt.gov.au/court-calendar/daily-court-lists/vic. This is published typically the day prior to a Court Hearing, it provides a URL to copy and paste into your web browser to access via video conference and asks individuals to turn off microphone and video.
How do I access Federal Commonwealth Court Portal and stay informed generally?
Accessing the Commonwealth Courts Portal
Step-by-Step Guide to Finding Case Information
The Federal Commonwealth Court maintains a public portal where you can access court documents, orders, and case information. While it may seem technical at first, following these straightforward steps will give you direct access to all publicly available information related to the FMPE case.
Navigate to the Portal
Click the link to access the Commonwealth Courts Portal: https://ww.comcourts.gov.au/public/esearch
Accept Terms of Use
Review the terms and conditions for accessing court information, then click “Accept” to proceed to the search interface.
Enter the File Number
In the search field, enter the specific file number: VID1053/2025 and click “Search by File Number” to retrieve the case.
Open the Case File
Click on the link for File No. VID1053/2025 to access the complete case information and available documents.
What am I NOT doing by participating?
You are NOT giving up any rights, agreeing to financial liability, committing to ongoing obligations, or paying any fees.
Can I participate if I'm part of another investor communication group relating to this situation?
Yes, but you must maintain strict confidentiality about the information you provide if you participate.
What if I just want to stay informed without actively participating?
That’s completely fine. You can remain an “observer” and receive updates without being listed as a participant in the court application.
Is there a cost to participate?
No. Absolutely not. We are not asking for money, membership fees, or any financial contribution. This is a volunteer effort by investors.
What happens at Court Hearings?
The Federal Court hearing takes place. Our representatives, will voice our views alongside ASIC and FMPE’s legal teams. The judge will hear all sides and make decisions.
Will my personal information be kept private?
If you choose to participate, your name will appear on court documents if you actively participate (this is public record). However, your investment details such as the amount will remain confidential the court will only be provided the aggregate of the entire participation group. The name of your legal entity which has a contract with FMPE is listed in court documents.
We assure you, we do not share private contact information with any party.
If a Party approaches us to ask for detailed investor details we go to the individual and ask them to respond to the request.
We take confidentiality and privacy seriously.
How do I know this group is legitimate?
All our court documents are filed with the Federal Court (Case Number VID 1053/2025) and are matters of public record. You can verify our involvement in the court process by going to www.comcourts.gov.au. You register then use the case number VID 1053/2025. (you will see Stefan, David and Ferne listed, although the Courts have misspelt Ferne’s name to Ferna).
Timeline updated 20 December, 2.00pm
Contact Us
Email: info@fmpeinvestor.com
For questions, concerns, or to request more information.
Please note .. by clicking any of the buttons above – you will receive an automated email, if it does not arrive please check your spam or junk folders.
FMPE Investor Working Group
This is an independent volunteer effort by FMPE investors to protect investor interests.
We are not affiliated with legal firms or organisations.
Federal Court : Case Number VID 1053/2025
ASIC v Gregory Raymond Cotton & FMPE Pty Ltd
DISCLAIMER: This digital page provides information only. It is not legal or financial advice.
We encourage all investors to seek independent legal and financial advice before making any decisions.