I have received advice from the Action Group representative that ASIC has details of all 2008 registered PIF investors. If there are monies to be given ASIC will manage the transfer of funds. Wellington Capital also has details.
The chances of a payout is very slim as the scum will be declared bankrupt.
It depends whether ASIC has done a trace of any assets they held and disposed.
Apparently "the system" allows theft, deception etc Bankruptcy is like going to confession. Sins forgiven? No justice for innocent victims who invested based upon the 5 star ratings system and thought that corporate regulations ment protection.
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