Jul 29, 2026
✦ABC (Australian Broadcasting Corporation)
Capital Guard collapse involves fake bonds, regulatory questions and $17 million gone missing
Tammy Lindrum lost $750,000 after investing in fake bonds through Capital Guard. She met the firm’s finance head, Vassos Dimitriou, in September and January. In late June, ASIC cancelled the company’s licence for dishonest conduct. Ms Lindrum said the experience "still doesn't feel real" as many investors lost their money.