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A con man’s confession to a multi-billion dollar investment scandal | 60 Minutes Australia

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Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | THE CONFESSION (2023)

In an extraordinary report for 60 MINUTES, Adele Ferguson interviews one of the key players involved in a highly dubious global financial scheme that has trapped hundreds of investors in Australia, and thousands more around the world. In the interview, the former trusted senior advisor makes startling confessions about how he enticed his clients into buying financial products that he now admits were worthless. But while they suffered, he profited by accepting secret kickbacks.

Ferguson’s investigation, compiled in conjunction with her reporting for The Sydney Morning Herald and The Age, estimates that more than six billion dollars in funds is unaccounted for, either because it doesn’t exist or is hidden in complicated company structures in overseas tax havens. It is expected that further action from financial authorities around the world, including the Australian Securities and Investments Commission, is imminent.

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For over forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Nick McKenzie and Amelia Adams look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes.

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Category
Australia
Tags
60 Minutes, 60 Minutes Australia, Liz Hayes
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