Inside the biggest investment scandal in 15 years
Oct 08, 2025•25 min•Season 4Ep. 39
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Episode description
Andrew Hobbs and Tony Boyd on how investors lost $1.2 billion in Shield, First Guardian and Australian Fiduciaries, and how the gatekeepers let it happen.
This podcast is sponsored by Acenda
Further reading:
The ‘easy peasy’ approval: Shield exposes $850b super wrap industry
These funds told us they were toxic: how did Macquarie miss it?
How Macquarie ignored its own advice on Shield (and lost $100m)
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