scam

John Dimitropoulos permanently banned by ASIC from financial services and credit in connection with property and SMSF spruiking

John Dimitropoulos permanently banned by ASIC from financial services and credit in connection with property and SMSF spruiking

Mr Dimitropoulos' banning arises from ASIC's ongoing investigation into a property and self-managed superannuation fund (SMSF) promoting group, which includes the companies formerly called Heritage Financial Solutions Australia Pty Ltd (in liq) (Heritage Financial Solutions) and Sunpac Finance Pty Ltd (Sunpac Finance).

EXPOSÉ: This Year’s Biggest Investment Scam

EXPOSÉ: This Year’s Biggest Investment Scam

 

Over the last few years there has been a steep increase in the number of people being poorly advised to put their retirement savings into a Self-Managed Super Fund (SMSF) and then borrow to invest into off–the-plan property.