[2] In June 2020 ASIC began proceedings in the Federal Court against GetSwift Ltd alleging GetSwift and its directors Bane Hunter, Joel Macdonald and Brett Eagle made representations in a series of ASX announcements relating to client agreements, between February 2017 and December 2017 that were misleading and that it failed to notify the ASX of material information in relation to these client agreements.
[2] In 2013 Former AFL footballers Joel Macdonald, James Strauss and Rohan Bail launched alcohol delivery service Liquorun.
Six months later, the company raised $24 million in funding in June 2017 from new and existing investors including US institutions Horney, IFM and Regal.
[10] On 1 December 2018, the ASX placed GetSwift into a temporary trading halt after shares spiked 83% to $3.60 following an announcement by the company about a deal with retail giant Amazon.
Foods, the operator of KFC and Pizza Hut in Australia, which like the Amazon announcement did not include any information on how the deal would affect the company's financials.
[16] In February 2023, the Federal Court handed down the largest ever penalty in Australia's history against GetSwift and its directors Joel Macdonald, Bane Hunter and Brett Eagle[8][19][20] in a x page ruling.
That Mr Macdonald feels a ‘level of peace’ is not only cold comfort to those that have suffered loss, but also reflects a troubling and defiant lack of insight into the scale and seriousness of the wrongdoing set out in excruciating detail in the [court ruling].”[7]