Comments on: ASIC freezes assets of Venture Egg’s Ferras Merhi

By: Steve

Steve — Tue, 27 May 2025 10:56:17 +0000

This is fraud. Investors should be compensated all investments made, adjusted for growth and opportunity losses whilst their funds are frozen. Interprac and all platforms that allowed these funds should be forced to pay. Also they deserve in addition to this the maximum penalty including delisted to operate. Macquarie needs to pay all losses. Pass the half a billion investment losses directly to them and pay the investors that were mislead and defrauded. These actions make individuals loose trust in financial advisors and superannuation.

By: Curious onlooker

Curious onlooker — Thu, 27 Feb 2025 05:11:01 +0000

How do Interprac stand for this. We need to step up as an industry

By: Des Nutmeg

Des Nutmeg — Thu, 27 Feb 2025 03:00:08 +0000

Ferras Mehri of Venture Egg is authorised by Interprac, which is part of the Sequoia group. The issues with venture Egg and the Shield Master Fund, including cold calling and super switching, was raised by the ABC in July 2024. They have been mentioned multiple times in the media since and by ASIC since then. Despite all of this, Ferras Mehri is still an AR of Interprac. Whilst I believe in due process, I also subscribe to the view that, where there is smoke, there is fire. I am left shaking my head on this one. Is this going to end up with the CSLR?
https://www.abc.net.au/news/2024-07-25/asic-investigating-cold-callers-offering-super-reviews/104090192

By: Chrisso

Chrisso — Thu, 27 Feb 2025 02:08:04 +0000

Can’t believe this stuff still happens.