Victims of Financial Fraud (VOFF Inc) are:

In February 2012 the Wollongong residents, steelworkers, coalminers, small business owners, professional and semi-professional workers who lost their savings in the Astarra Strategic Fund formed an advocacy group called “Victims of Financial Fraud” (VOFF). Our 240 members come from mainly the Illawarra and from most states of Australia. In September 2012 VOFF became VOFF Inc. From VOFF’s inception - we have and continue to seek the following:

  • We want compensation.

  • We want the loopholes in superannuation security fixed.

  • We want the government to bring the criminals to justice.

The Trio Capital Limited scheme’s fraudulent activity was discovered in September 2009 and VOFF attempt to access information about Trio and its entities under the Freedom of Information Act (FOI Act). The Australian Prudential Regulation Authority (APRA), refuse to release any information about Australia's largest superannuation fraud. The Australian Securities and Investments Commission (ASIC), has released a small amount of information and the Australian Transaction Reports and Analysis Centre (AUSTRAC) released considerable documentation. The United States Federal Bureau of Investigation (FBI), Central Intelligence Agency (CIA) and the Attorney-Generals Department New York have provided greater assistance than the Australian authorities. The US Senate hearing into Enron, commenced its criminal trial informing several of the company’s top executives the questions they wanted answered[1] and we keep these questions in mind when we lodge our FOI applications:


  1. What Happened?

  2. Who is responsible for it happening?

  3. Will the perpetrators be brought to justice?

4. What changes were made so that the same type of fraud does not happen again?

[1] In the 2005 documentary 'Enron: The Smartest Guys in the Room' the US Senate hearing announced that the investigation was looking for: What Happened?; Who is responsible for it happening? and Are we able to prevent it from happening again?

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