About 100 retirees caught up in a corporate collapse fear they will be left homeless after investing millions of dollars in a complex retirement scheme which offered to pay their rent for life.
Sterling First, the flagship of a sprawling WA group of property management and investment companies behind the scheme, collapsed last month, leaving the retirees facing eviction.
Some of the 101 investors handed over their life savings to Sterling First to secure a home on a lifetime lease of up to 40 years via a subsidiary Sterling New Life, which was promoted by former Test cricketer Mitchell Johnson and media personality Jenny Seaton.
Read the full article at: https://thewest.com.au/business/retirees-face-ruin-after-investing-in-complex-scheme-ng-b881223251z
