Private Lenders Australia Division of the Stronghurst Black Securities Group

Private Lenders Australia presented itself as a division of the "Stronghurst Black Securities Group," offering investment products such as fixed-term investment bonds with high-yield returns, which they claimed were secured by real property assets. The company targeted Australian investors through its website and direct marketing. However, investigations by the Australian Securities and Investments Commission (ASIC) revealed the entity was operating without the required Australian Financial Services (AFS) licence, using a fraudulent ABN, and promoting a likely investment scam.