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‘Toxic breach of trust’: Investments watchdog sends fraud warning – The Sydney Morning Herald
Following a string of investment embezzlement cases, the Australian Securities and Investments Commission says some financial advisers pose a serious risk.
Australias investments watchdog is warning people to be vigilant with their finances as a spate of investment scams highlight the dangers posed by deceptive financial advisers who abuse the trust of friends and family.
In the wake of the high-profile case of Melissa Caddick believed to have stolen $23 million from 60 clients before disappearing an investment manager from the northern beaches was sentenced to at least four years in jail this week for stealing $2.9 million from 13 clients.
Ross Hopkins,…
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