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Netwealth Seeks $101M Rescue After First Guardian Fund Fraud Uncovered
8:48am on Monday 27th of October, 2025 AEDT
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Financial Services
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Netwealth Seeks $101M Rescue After First Guardian Fund Fraud Uncovered
8:48am on Monday 27th of October, 2025 AEDT
Key Points
Netwealth's subsidiary files Part 23 application for financial aid
1,088 members affected with $101 million exposure
Fraudulent conduct alleged against Falcon Capital Limited and others
ASIC investigating multiple parties including Netwealth
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