What do a real estate agent, a restauranteur, a meat worker, a concreter, and an alleged mistress have in common? They were all supposedly in the Sydney office of the Goldsky Ponzi scheme, senior investment advisors.

This episode of our mini-series continues on the Gold Sky Ponzi scheme, a fraud that involved a fake hedge fund and deceived investors in Australia and the US. Chris Baskerville explains how the mastermind of the scheme, Ken Grace, used a loophole in the Australian regulations to avoid getting an AFSL licence and claimed to have an SEC licence in the US. Brazenly, Grace copied content from other websites to create a false impression of legitimacy and credibility. Chris tells how he was eventually exposed by the SEC and ASIC. The podcast also explores the role of various people who were involved in the scheme as senior investment advisors despite having no relevant qualifications or experience. The podcast aims to expose the deception and manipulation behind the Gold Sky Ponzi scheme and to warn potential investors about the risks of such scams.