A financial planning company at the centre of an ASIC probe employed a convicted fraudster and mixed martial arts fighter.
Rashid Alshakshir is alleged to have received large sums of money for leading investors into the now failed Shield Master Fund overseen by Paul Chiodo. He was not happy to see us.
Rashid Alshakshir ran successful cafes in Melbourne,a marketing business for a controversial fund manager and superannuation websites until The Age came knocking.
Earlier this year,technology group Dubber found $26.6 million of its cash reserves was missing. Text messages and a ledger of a gangland lawyer’s trust account allege the money was paid out to an array of colourful characters.
Daniel Kirby admitted to offences relating to the collapse of a notorious trading house,but is legally allowed to keep working after the corporate watchdog decided not to ban him.
When businessman Bill Papas fled to Greece,he left behind smoking-gun evidence of his elaborate scheme to defraud bank lenders – and a note that sank his business partner.
Bradley Grimm will serve at least nine months behind bars for dishonestly transferring his vulnerable client’s retirement money into the bank accounts of private companies he owned.
Ash Balanian’s investors were told he was a NASA scientist,had a degree from Harvard and their investments would be safe. The Federal Court has since heard that it’s likely that none of those things are true.
Investors in the Shield Master Fund thought they were investing in property and shares. Instead,their money was improperly handled,a Melbourne court has heard.
The former senior counsel,from one of Victoria’s notable legal families,is alleged to have rorted claimants in the Banksia Securities class action scheme out of millions of dollars.