Pharaoh
Brigadier General
- Messages
- 20,326
Read that ASIC link. They were carrying on an unlicensed financial investment scheme. What this means is simple. Just because some company claims to be under ASIC doesn't mean you shouldn't verify ASIC registration. Even if a company is registered, you need to check and see what activities they are and are not licensed to do.
So, the insurance was BS. I recommend everyone who contacted the insurance companies send those companies a copy of the ASIC announcement.
Each person who invested needs to contact ASIC and share every scrap of evidence available, including claims of "Anti-Ponzi Insurance".
At this point, only ASIC has any idea what percent of the investments are still there to be recovered.
So, the insurance was BS. I recommend everyone who contacted the insurance companies send those companies a copy of the ASIC announcement.
Each person who invested needs to contact ASIC and share every scrap of evidence available, including claims of "Anti-Ponzi Insurance".
At this point, only ASIC has any idea what percent of the investments are still there to be recovered.