Business
Sterling First rent-for-life scam ‘gatekeeper’ slapped with $2m penalty – NEWS.com.au
Sterling First rent-for-life scam ‘gatekeeper’ slapped with $2m penalty
A financial services firm has been handed a huge penalty for its major role in a rent-for-life scam that ripped off more than 100 cash-strapped retirees, forcing some out of their homes and milking their life savings.Sterling First marketed itself as pairing up “smart property investors that are looking to get a better rental return with retirees that are looking to sign a long-term lease”.
Dozens of retirees involved in the scheme sold their homes to free locked-up capital, then moved into rental…
-
General14 hours agoCampers evacuated, residents on alert as Moreton Island bushfire intensifies
-
Noosa News20 hours agoPerth Royal Show vendors upset by price hikes, say crowds are down in 2025
-
Business22 hours agoBell Potter names the best ASX shares to buy in October
-
General19 hours agoAustralia welcomes Gaza peace progress, hostage release