It was a $20 million investment scheme that saw the retirement savings of more than 100 investors used as a piggy bank for company directors who borrowed funds to cover cash flow problems and even a divorce settlement.
This week, Mario Christodoulou updates his investigation after sighting internal documents suggesting the firm behind the scheme was lying to regulators and associating with "undesirables".

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Background Briefing is daring narrative journalism: Australian investigations with impact. Our award-winning reporters forensically uncover the hidden stories at the heart of the country’s biggest issues.
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Folge vom 23.09.2018Update: The talented Mr Daly
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Folge vom 09.09.2018The clinic of last resort: Why it's so hard to get a late surgical abortionThey're legal in most states, subject to conditions, so why are women so often denied late surgical abortions? In this episode, Hagar Cohen goes inside the only private clinic in the country where pregnancies can be terminated between 20 and 24 weeks.
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Folge vom 02.09.2018Burning down the house: The Liberal Party leadership crisisWe now have our seventh prime minister in 10 years. What the hell is going on? This week, Background Briefing brings you a three-part special on the Liberal Party's leadership crisis. We witness the downfall of Malcolm Turnbull, speak to the conservative insurgents who challenged a sitting PM, and look at the consequences for our nation. (Language warning: This program contains profanity.)
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Folge vom 26.08.2018The talented Mr Daly: The story of a businessman, 150 investors, and a $20 million opportunityPeter Daly projects confidence and success. He wears gold rings, gold cufflinks, and a gold watch. The market, he says, is his backyard and he knows it "damn well". But the 59-year-old is actually in a world of trouble. The corporate watchdog, ASIC, accuses his network of companies of mismanaging funds, misleading investors, and breaching the Corporations Act. Against the advice of his public relations team, Mr Daly agreed to an interview with Background Briefing. Reporter Mario Christodoulou investigates.