Скачать или смотреть Primary Option Australia’s $1 Billion Super Scandal How the Govt Ignored Warnings for Years

hPrimary Option Australia’s $1 Billion Super Scandal How the Govt Ignored Warnings for Years

In one of Australia's most devastating financial catastrophes since the HIH Insurance collapse, 12,000 ordinary Australians have seen their retirement dreams evaporate. The collapse of First Guardian and Shield Master Fund wasn't just bad luck—it was a systemic failure of the highest order.

In this video, we break down how ASIC and the Treasury received formal warnings as far back as 2019 regarding aggressive cold-calling and unlicensed advice, yet failed to act decisively until it was too late. We uncover the timeline of negligence, the "moral responsibility" demanded by victims like Melinda Kee, and the shocking revelation that liquidators have recovered only pennies on the dollar—some of it from the sale of a Lamborghini bought with investor funds.

Key Topics Covered:

The Timeline of Negligence: How warnings were filed away while the scheme grew.

The Deception: How "Managed Investment Schemes" were disguised as safe Super Funds.

The Political Fallout: The clash between the Opposition and the Albanese Government.

The Human Cost: Stories of devastation and the fight for compensation.

One of the critical reasons this scam succeeded was the deliberate confusion created between safe, regulated Super funds and high-risk schemes.

We explain exactly how these products differ and why the regulatory gaps Treasury warned about were so lethal to investors' savings.#AustralianFinance #Superannuation #FirstGuardian #ShieldMasterFund #ASIC #FinancialScandal #JimChalmers #AusPol #RetirementSavings #RegulatoryFailure #MoneyLost #InvestmentScam #SOSSaveOurSuper #Economy #AustraliaNews