A One Multi Services plunged into liquidation after court wind-up action by ASIC over $25m scheme

The company at the centre of an alleged “unlawful” $25 million investment scheme has been plunged into liquidation by a court.

The company at the centre of an alleged “unlawful” $25 million investment scheme has been plunged into liquidation by a court.

A One Multi Services had been in the control of receivers from 2021, when corporate regulator ASIC froze the assets of directors Aryn Henry Hala and Heidi Elizabeth Walters.

ASIC said more than 60 consumers deposited approximately $25 million into A One Multi’s accounts between January 1, 2019 and June 30, 2023.

ASIC originally alleged the couple used $5.7m of the investment money to buy luxury vehicles and property and converted another $2.4m to cryptocurrency.

The regulator launched wind-up action in October last year.

Ms Walters was released from the orders in March 2023 and the Federal Court proceeding against her was discontinued.

Aryn Hala of A One Multi.

Aryn Hala of A One Multi.

The civil proceedings and orders against Mr Hala, 42, were discontinued in October, but in February this year he was charged with nine counts of carrying on a financial services business without a licence.

Each offence carries a maximum penalty of five years’ jail.

Aryn Henry Hala of Redbank Plains, was charged in February

ASIC alleges Mr Hala promised consumers annual returns of at least 10-20 per cent in investments that included crypto-assets in A One Multi.

Mr Hala encouraged consumers to establish a self-managed superannuation fund, and to roll over their existing superannuation into the SMSF and invest it with A One Multi.

Mr Hala’s case has been adjourned three times and is next scheduled for mention on October 21, with Mr Hala remaining on bail.

Mr Hala has not been charged in the relation to the purchase of the vehicles, property or crypto or over the unrecovered crypto.

The Gold Coast Bulletin has contacted the liquidators of A One Multi, Michael McCann and Graham Killer of Grant Thornton, for comment.