October 08, 2025

Dodgy Brothers Investment Traps - Vince Scully | Life Sherpa

50 minutes

In this episode I'm joined by Vince Scully from Life Sherpa to unpack one of Australia’s biggest financial scandals: the collapse of the First Guardian and SHIELD Master Funds. With over 12,000 investors and $1 billion in losses, this case is a stark reminder that even regulated investments can go wrong. 🌎 Life Sherpa Invest helps beginners start with confidence. Invest hassle-free now

Blog post available at: https://www.sharesforbeginners.com/blog/vince-scully-first-guardian

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Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they’re offering something of value.
Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.

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By Philip Muscatello - Australian Investor Education

22 ratings