Millions being ripped off innocent people and ASIC sits on their hands and watches it happen. They couldnt give a damn.
Scam companies soliciting for funds to be invested is illegal... but thats exactly what is happening. Of course these funds disappear before the se companies liquidate and start again.
These lazy good for nothing bureaucrats will do nothing although they are fulloy aware of it unless they are forced to by a current affairs program.
ASIC should be disbanded and lets have some policing of these scams.