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For shame

Financial Standard

|

September 22, 2025

In recent weeks, I've received several invitations from strangers to join Facebook groups.

- By Jamie Williamson

Now, as we all know, such invitations are usually best avoided; so much of what can go on in Facebook groups both public and private - is questionable at best. But these invites were something different.

Each of them came from someone who had lost their life savings to Shield, First Guardian, or Australian Fiduciaries; one group has more than 1300 members. They were asking me to join, to see who the people impacted really are and read some of their stories.

I accepted each one of them, going into the groups' discussion threads thinking I already knew much of what I'd see, and that was true - but there was also a lot to learn.

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