BREAKING NEWS Man dies on flight to Sydney - as paramedics race to tarmac
The passenger is understood to have died of natural causes on the plane.
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Daily Mail
22 minutes ago
- Daily Mail
BREAKING NEWS Thousands of Aussies at risk of losing their superannuation as First Guardian Master Fund collapses
More than 5,000 Aussies who reinvested hundreds of millions of their superannuation into First Guardian Master Fund could struggle to get their nest eggs back after the company's collapse. Aussies like Juan Carlos Sanchez were convinced by financial advisory company Venture Egg to move their super savings from ANZ into a fund called AusPrac. After shifting all his super, Mr Sanchez was told that withdrawals from his fund had been frozen since May 2024. 'When I got that email (from AusPrac advising the superannuation money had been frozen), my stomach dropped — I just had this sick feeling,' he said. Mr Sanchez later discovered his super was not being reinvested to grow his retirement savings but was being sent into 'a cash hub' controlled by the directors of First Guardian Master Fund. Mr Sanchez was one of 6,000 Aussies who invested $590million with First Guardian before it collapsed this year. The Australian Securities and Investments Commission is investigating the company. Investors were told to put their super into a retail choice superannuation fund and then invest part or all of it into First Guardian. Falcon Capital Limited was responsible for the failed First Guardian fund. Its former managing director was David Anderson and ASIC is investigating him after alleging he poured millions of investors' retirement savings into his own failed property developments, craft breweries and to help celebrity chef Scott Pickett, of which he was a shareholder. The Federal Court has appointed liquidators to Falcon Capital and Mr Anderson's assets have been frozen and passports seized as investigators comb through financial records. Mr Anderson and another director Simon Selimaj are banned from leaving Australia until 27 February 2026. 'ASIC sought the orders to ensure Mr Anderson and Mr Selimaj remain in Australia to assist ASIC with its investigation and to preserve assets while ASIC's investigation is continuing,' the regulator said. Public court documents obtained by ABC News revealed Mr Anderson moved $274 million into offshore companies tied to him after he was warned about ASIC's investigation. ASIC investigators have warned the money will be hard to find. The regulator also alleged $5.6 million was put into Mr Anderson's personal ANZ account 'without any legitimate basis for payments in that amount being apparent to ASIC or disclosed to investors'. He allegedly used $16,000 to make a mortgage payment on his multi-million-dollar home. 'Falcon appears to continue to redeploy the limited funds it has received to illiquid investments, despite representations made to investors that it would fulfil redemption requests and reopen the First Guardian Master Fund for investment once the cash receivables are received,' ASIC told the court. ASIC also alleged Falcon may have deceived stakeholders about the security of their investment and possible returns. Lawyers for Mr Anderson said 'there have been no findings of fact or law by any court or tribunal, nor by ASIC'. 'Mr Anderson will fully exercise his rights in response to allegations which may be made against him at the appropriate time in the appropriate forum,' Dan Mackay of Mackay Chapman lawyers said. ASIC found that in the 'best-case scenario' $81 million of investor funds were unaccounted for but accepted the money loaned to overseas businesses may never be recovered. One investor stands to lose $677,000. ASIC is also investigating Melbourne-based financial adviser Ferras Merhi who ran Venture Egg Financial Services and led thousands of clients into the First Guardian Fund. The Federal Court has made interim orders freezing some assets of Mr Mehri who is linked to at least 2,440 clients who invested $179 million in First Guardian funds. While telling clients to invest in First Guardian, Mr Merhi was also being paid to market the fund. In court documents it was alleged Mr Mehri received more than $19 million in payments from First Guardian for marketing services. Small business owner Greg McElherron could lose thousands of dollars and pleaded with the government to step in and protect superannuation investors. 'Everyone is running for the hills trying to cover their backsides. It's absolutely shameful,' he said. 'If you're going to be not only encouraged but mandated to put money into your super, it should be protected.'
Daily Mail
37 minutes ago
- Daily Mail
Horror twist after stabbing of Luke Manassa in Pemulwuy, Sydney
Two teenage boys have been charged with murder after the alleged fatal stabbing of a young entrepreneur. Luke Manassa, 21, and his girlfriend arrived home to Driftway Drive in Pemulwuy, greater western Sydney, on June 26 before he was allegedly attacked. Two unknown men, dressed in dark clothing and disguises, allegedly stabbed the 21-year-old entrepreneur, NSW Police said. It is alleged Mr Manassa then got back into his car and drove a short distance before being overcome by his injuries. Homicide Squad detectives have charged two teenagers over the fatal stabbing of a man in Pemulwuy last week. Emergency services were called to the home at about 10.45pm that evening regarding reports that a man had been stabbed. NSW Ambulance paramedics treated Mr Manassa but he could not be revived and died at the scene. Strike Force Hickety was established and, on Thursday at about 6am, detectives carries out searches in South Penrith, Mt Druitt, and Woodcroft. In South Penrith, police arrested a 17-year-old boy who was taken to Penrith Police Station. He has been charged with murder and failure to comply with digital evidence access order direction. Officers also arrested a 16-year-old boy in Mt Druitt, who was taken to Mt Druitt Police Station and charged with murder. Both were refused bail and are due to appear in children's court on Friday. During the search warrant in Woodcroft, police seized what they will allege was used as the getaway car from a separate residence. The investigation continues. Mr Manassa's family own a demolition company and the aspiring businessman had studied property economics at UTS. He described himself as a young businessman on a podcast last year and discussed his entrepreneurial endeavors and 'side hustles' like selling designer sneakers. 'I knew what I wanted to do for a long time. I wasn't concerned with much else,' he said.
The Guardian
an hour ago
- The Guardian
Australia news live: man shot dead by police after siege in Victorian town; investigation after Sydney boy dies after e-bike crash
Update: Date: Title: Fatal police shooting in Daisy Hill Content: A man has died after being shot by police in Daisy Hill last night, police said in a statement. Police were called following a report that a man discharged a firearm on Thursday afternoon, during which no one was injured. 'Officers attended and attempted to engage with the armed man before there was a siege for several hours,' the statement said. Specialist units including Critical Incident Response Team, Special Operations Group, and Dog Squad attended to assist. The man discharged shots towards police, who returned fire just before 10pm. The man died at the scene, and is yet to be formally identified. Homicide Squad detectives will now investigate the matter with oversight from Professional Standards Command, as is standard procedure for a fatal police shooting. Update: Date: 2025-07-03T21:09:46.000Z Title: Boy dies after e-bike crash in Sydney Content: A teenage boy has died after an e-bike crash in Sydney's south yesterday afternoon, New South Wales police said last night. In a statement, police said emergency services had been called to a park on Broe Avenue in Arncliffe at about 2.45pm following reports that a rider had fallen from an e-bike. Police said officers from the St George police area command found a 14-year-old boy with serious injuries when they arrived. The boy was treated at the scene by NSW ambulance paramedics before being taken to the Sydney Children's hospital in a critical condition, police said, but he later died. He has not yet been formally identified. Police said they had established a crime scene as they began investigating what caused the incident and that they would prepare a report for the coroner. Police have asked anyone with information about this incident, including phone footage to assist them in their inquiries by contacting St George police or Crime Stoppers. Update: Date: 2025-07-03T21:09:35.000Z Title: Fatal police shooting in Daisy Hill Content: A man has died after being shot by police in Daisy Hill last night, police said in a statement. Police were called following a report that a man discharged a firearm on Thursday afternoon, during which no one was injured. 'Officers attended and attempted to engage with the armed man before there was a siege for several hours,' the statement said. Specialist units including Critical Incident Response Team, Special Operations Group, and Dog Squad attended to assist. The man discharged shots towards police, who returned fire just before 10pm. The man died at the scene, and is yet to be formally identified. Homicide Squad detectives will now investigate the matter with oversight from Professional Standards Command, as is standard procedure for a fatal police shooting. Update: Date: 2025-07-03T21:08:37.000Z Title: Welcome Content: Good morning and welcome to our live news blog. Victoria police have confirmed that a man has died after being shot by police in Daisy Hill overnight after 'a siege for several hours' – more on that soon. Police in Sydney have launched an investigation after a boy died after a crash on an e-bike. The incident happened yesterday afternoon in Arncliffe in south Sydney. More coming up. And Qantas has said it will beef up its security and threat detection after a cyber-attack affecting up to 6 million customers, as Australia's privacy watchdog has warned attacks using social engineering to gain access to data are on the rise. I'm Martin Farrer with the top overnight stories and then it will be Rafqa Touma to take the controls.
