This episode was recorded on 19.05.25, & since then, more articles have been published by various newspapers, leading to the permanent banning of Cocoon’s parent company Horizon SolSolutions, aswell as its ‘nominated’ Director, by the Commission. There will be a follow up of this episode to discuss the fallout across the NDIS from this scandal which has been played out in plain sight for many years in front of everyone.
Our research reveals the staggering exposure of Cocoon's web within the NDIS: the NDIS paid (last 4 years alone) to Cocoon over $200,000,000, amounting to about roughly $50M per year over the last four years (plus more from prior years). On top of that, Cocoon’s associated company made property sales - specifically the Cocoon "House Packages" sold to investors - netted approximately $50,000 plus in profits per sale (from a $100,000 gross profit). With roughly 300 sales, this equated to $15,000,000 plus in profits pocketed by Cocoon’s co-founder, Mr. Zaffar Khan, not to mention his earnings from other land development deals. On top of this, they were also selling $550,000 Cocoon franchises to overseas investors, with guarantees of $80,000 - $130,000 pa for the franchisees (which were never paid).
As recently as April 2025, Khan and his wife were reportedly shopping around to purchase $13 million worth of land in Brisbane. He offloaded a $16.5M land site last year too! ASIC & NDIA & ATO should investigate businesses and assets held under Zaffar Khan’s family members to potentially seize such assets as "proceeds of crime" & repay investors & participants - if proven that he defrauded the NDIS or investors.
Horizon traded as: Cocoon Franchise, Cocoon Lifetime Care, Cocoon SDA Accommodation, & Cocoon SDA Homes.
Cocoon has now been placed into liquidation, with $57M in debt, and all financial affairs are to be directed to Deloitte, the Liquidators.
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Our team conducts thorough research on Specialist Disability Accommodation (SDA) and provides appropriate technical advice through premium and strategy-based solutions. We also use complex feasibility calculation spreadsheets to help investors understand the expected annual income of an SDA dwelling, the timeline stages of construction of their property, as well as revealing the hidden costs. By staying up-to-date with the latest SDA data and pricing payments information, we help clients make better-informed decisions and achieve their investment goals.
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