Trio Capital Limited was the responsible entity for a number of managed investment schemes and superannuation funds in Australia. The company gained notoriety after its collapse in late 2009, which exposed a massive international fraud. Investigations revealed that over $125 million invested in its Astarra Strategic Fund had been channeled into fraudulent offshore investments with no underlying assets. The company was subsequently wound up by regulators, leading to significant losses for thousands of investors and resulting in multiple director bannings and the jailing of the fund's investment manager.

Founded in

United States