.

Deloitte Australia CEO Invests in Alleged Scam

Deloitte Australia CEO Richard Deutsch has confessed to investing in an alleged scam. The scam, which was uncovered by the Australian Securities and Investments Commission (ASIC), was linked to a company called Global Capital Investment Group (GCIG).

The Alleged Scam

The alleged scam involved GCIG offering investors the opportunity to purchase shares in a company called “Global Capital Investment Group”. The company claimed to be a legitimate investment firm, but in reality, it was a Ponzi scheme. The scheme involved investors being promised high returns on their investments, but in reality, the money was being used to pay off earlier investors.

Deutsch’s Involvement

Deutsch admitted to investing in the alleged scam, but he claims he was unaware of the fraudulent nature of the company. He has since returned the money he invested and has apologised for his actions.

ASIC Investigation

ASIC is currently investigating the alleged scam and has frozen the assets of GCIG. The regulator is also looking into the involvement of other individuals in the scam.

Conclusion

Deloitte Australia CEO Richard Deutsch has confessed to investing in an alleged scam linked to Global Capital Investment Group (GCIG). Deutsch claims he was unaware of the fraudulent nature of the company, and has since returned the money he invested and apologised for his actions. ASIC is currently investigating the alleged scam and has frozen the assets of GCIG.

Summary: Deloitte Australia CEO Richard Deutsch has confessed to investing in an alleged scam linked to Global Capital Investment Group (GCIG). Deutsch has since returned the money he invested and apologised for his actions. ASIC is currently investigating the alleged scam and has frozen the assets of GCIG. #Deloitte #ASIC #InvestmentScam #GCIG #RichardDeutsch