The advocate for the more than 100 elderly victims of the Sterling First scam has written to Prime Minister Scott Morrison and WA Premier Mark McGowan demanding they compensate the victims immediately.
On 16 December (yesterday), the day after the third hearing of the Senate inquiry into Sterling Income Trust and the Australian Securities and Investments Commission (ASIC), Sterling tenant Freda Stevens became the 19th victim to pass away since Sterling collapsed in 2019. She was one of around 140 vulnerable, elderly people who were left financially ruined by a managed investment scheme (MIS) they didn’t know they had been sucked into.
In sport, the role of the umpire is sacrosanct; any attempt to corrupt or undermine the umpire incurs heavy penalties for bringing the game into disrepute.
The financial security of all Australians is at stake today, with the beginning of the Senate Economics References Committee’s hearings into the collapse of Sterling First.