Another Day, Another George Monemvasitis Scam?Inside the Smart-Jersey Hype Machine, Creditor Demand and Courtroom Collapse
George Monemvasitis presented Solos as technology for the biggest stages in sport. Four years later, the company was in Federal Court trying to stop a creditor's demand from the operator of a basketball team that had carried the Solos name on its jersey. After the challenge failed, the public debt trail went quiet while closely related technology appeared under another company name.
Published 22 September 2026 | Court and corporate records
2018 to 2020
GWS, LaLiga and Phoenix promotion
26 April 2022
RC Aussie Hoops creditor demand
2023
Prosilion patent and Solos address change
How Solos built its public profile
Recognisable teams gave the smart-jersey pitch credibility.
The public story began with a concrete trial. In August 2018, the GWS Giants said 100 members would test a guernsey containing an electronic tag. The shirt could act as a match ticket, unlock rewards and provide access to exclusive content. George was identified as Solos Limited's chief executive and said the tag could also distinguish authentic merchandise from counterfeits.
The Giants announcement also said that Solos, working with Lava Real Time Sports Solution, had rolled out the technology across the NBA, NFL and major soccer competitions. A year later, Solos was selected through LaLiga and GSIC's Startup Competition for a pilot involving authenticated merchandise and fan engagement. By November 2020, the Solos name appeared on the back of South East Melbourne Phoenix's NBL21 jerseys.
Those public announcements establish the promotional history. The court record establishes what followed. RC Aussie Hoops, identified in Phoenix's own terms as the company operating the club, later issued Solos with a creditor's statutory demand. The published judgment does not explain what caused the debt. It does show how Solos's attempt to challenge the demand failed.
An earlier promotional page raises a separate credibility question. RCW described a 2017 Solos pre-IPO roadshow attended by more than 50 financial firms, referred to a planned Australian main-board listing and elsewhere on the same page celebrated a successful listing. It also promoted a decades-old company, more than 200 major-brand relationships, more than one billion labels and an Alibaba partnership. The current Solos Limited entity in the official Australian register begins on 23 May 2018. The records reviewed do not identify the exchange code or explain which entity was shown to the 2017 audience.
The documented chronology
From stadium promise to creditor demand, then a new company name.
The stadium promise
The GWS Giants selected 100 members for a Solos and XBlades smart-guernsey trial. The embedded tag was promoted as a ticket, rewards key and gateway to exclusive content.
Open source recordThe LaLiga stage
Solos was selected through LaLiga and GSIC's Startup Competition. Reporting described a one-year arrangement and pilot work around authenticated merchandise and fan engagement.
Open source recordThe Phoenix jersey
South East Melbourne Phoenix announced Solos Limited as a back-of-jersey sponsor for the NBL21 season.
Open source recordThe creditor demand
RC Aussie Hoops sent Solos a second creditor's statutory demand, accompanied by an affidavit sworn by Thomas Darcy Greer.
Open source recordThe late challenge
Solos served its application to set the demand aside. George Monemvasitis had affirmed the supporting affidavit one day earlier.
Open source recordThe courtroom collapse
The Federal Court answered the deadline question with one word: No. Solos had not served its application within the mandatory 21 days and was ordered to pay the creditor's costs of that question.
Open source recordA new applicant name
A U.S. smart-garment engagement patent application was filed with George Monemvasitis as inventor and Prosilion Inc., New York, as applicant. The public filing does not explain whether Solos transferred technology or rights to Prosilion.
Open source recordSolos moves on paper
The official ABN history records Solos Limited as active and changes its main business location from New South Wales to Victoria. An active ABN is an administrative status, not proof of trading, solvency or repayment.
Open source record
Where the promotion meets the court record
Phoenix put Solos on its jersey. Its operator later demanded payment from Solos.
Phoenix announced Solos as a back-of-jersey sponsor in November 2020. The club's terms identify RC Aussie Hoops as the company operating Phoenix. On 26 April 2022, that same company sent Solos a second statutory demand for payment of a debt, accompanied by an affidavit from Thomas Darcy Greer. Neither the judgment nor the club announcement discloses the debt amount or the transaction behind it.
The dispute that reached Federal Court was therefore not about whether the debt existed. It was about whether Solos had challenged the demand in time. The court found that the demand was delivered on 3 May 2022. Solos served its application on 25 May, one day outside the mandatory 21-day period. Because the deadline was jurisdictional, the court could not consider the application and ordered Solos to pay RC Aussie Hoops's costs of deciding that question.
That procedural failure leaves the most important commercial question unanswered: how did a publicly promoted sponsorship relationship become a debt dispute serious enough to produce a statutory demand?
What actually happened after 2022?
The court trail stops before the money question is answered. The technology trail does not.
Debt outcome
No public resolution located
The published judgment left the statutory demand standing because the challenge was late. Searches of publicly indexed court and insolvency material did not locate a later judgment explaining payment, settlement or the ultimate fate of the demand.
Corporate record
Active registration, little public activity
Solos remains active on the ABN register and moved its recorded main business location from NSW to Victoria in November 2023. Registration alone says nothing about revenue, solvency, creditors or continuing operations.
Technology trail
The concept resurfaces as Prosilion
In July 2023, George was named as inventor on another smart-garment engagement application. This time the applicant was Prosilion Inc. The filing reveals no public explanation of any relationship, licence or transfer from Solos.
The absence of an indexed follow-up decision is not proof that no private settlement occurred. It is proof of a public-accountability gap: the record now available does not show that the creditor was paid, does not explain the debt and does not account for how the technology moved forward.
The names inside the court record
George Monemvasitis, Clive McKerr, Michael Gibbons and Thomas Greer.
The case file shows how the demand moved between the creditor, Solos and its registered office. These are the people whose evidence or actions appear in that sequence.
Solos affidavit
George Monemvasitis
Affirmed the affidavit supporting Solos's application to set aside the second statutory demand.
Solos contact
Clive James McKerr
The judgment records that McKerr, described as being of Solos, asked whether further documents had reached the company's registered office.
MJG Partnership
Michael Gibbons
Managing director of MJG Partnership. The judgment identifies MJG as Solos's accountants and registered office.
Creditor affidavit
Thomas Darcy Greer
Swore the affidavit that accompanied RC Aussie Hoops's second statutory demand to Solos.
Solos legal team
HWL Ebsworth Lawyers
Recorded as solicitor for Solos Limited.
Creditor legal team
Mills Oakley Lawyers
Recorded as solicitor for RC Aussie Hoops.
The legal outcome
Solos lost before the court could consider the debt dispute.
Decided
Solos failed to serve its challenge within the statutory period.
The court found delivery occurred on 3 May 2022, making the 25 May service late. Solos was ordered to pay the costs of determining that question.
What the public record does not answer
Big claims brought famous names. The records that followed brought a creditor, court costs and silence about the debt.
- 01
What debt caused RC Aussie Hoops to issue the statutory demand, and how much was being demanded?
- 02
How did a relationship publicised through a Phoenix jersey sponsorship end in creditor action?
- 03
What commercial results came from the GWS trial, the LaLiga pilot and the wider league claims?
- 04
Why was Solos's application served on 25 May when the court found that the demand had been delivered on 3 May?
- 05
Was the creditor paid, did the parties settle, or was the demand left standing after Solos's failed challenge?
- 06
Why did closely related smart-garment technology later appear with Prosilion Inc. as applicant, and was any Solos intellectual property transferred?
- 07
Which legal entity was presented during the 2017 pre-IPO promotion, and did the advertised Australian listing ever occur?
- 08
Is this a recurring George Monemvasitis pattern: win confidence through prominent names, leave counterparties chasing answers, then continue through another company?
The recurring-pattern question
Is George Monemvasitis moving from one counterparty to the next while leaving a scorched trail of debts, lawsuits and unanswered money questions?
Solos is not the only George Monemvasitis company followed by litigation and an incomplete public accounting. In the separate Authentitech glove transaction, USD 14.6 million entered George's company, the promised gloves did not arrive and the full funds did not return. Here, a sports partner became a creditor, Solos lost its threshold court fight and the published record never explains what the debt was or how it ended.
These records do not establish that RC Aussie Hoops was defrauded. They do justify confronting the pattern: prominent partners are used to build confidence; money disputes and litigation follow; the central accounting remains missing; and the business idea reappears through another corporate name. George can answer that pattern by publishing the contracts, creditor outcome, financial accounts and the Solos-to-Prosilion intellectual-property trail.
What followed
The smart-wearable idea reappeared under Prosilion.
A 2022 U.S. application names Solos Limited as applicant and George Monemvasitis as inventor for an embedded-merchandise interaction and payment system. A later application, filed in July 2023, again names George as inventor but names Prosilion Inc. as applicant for smart-garment tags and a fan-engagement platform. The two filings occupy closely related commercial territory. The public patent pages do not establish that the same asset was transferred, but they make the missing corporate bridge impossible to ignore: what did Prosilion acquire, from whom and on what terms?
Scope of this investigation: The headline asks whether the gap between Solos's promotion and its creditor dispute points to a scam and whether the same pattern continued through another company. The Federal Court decided only that Solos served its challenge outside the statutory period. It made no finding of fraud and did not decide the underlying debt. No public record reviewed establishes that RC Aussie Hoops was a fraud victim; the article presents that as a question requiring the missing contracts, accounts and creditor outcome.
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