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'We're living in limbo': elderly couple caught up in alleged investment fraud

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Eugene Didus and his wife are stuck in limbo after the buyer of their home, LBA Capital, was accused of committing a $400 million fraud against Korean investors.

Eugene Didus had finalised everything for the sale of his home of 45 years at Deer Park, in Melbourne's west.

The two lenders gave almost $400 million to LBA Capital to invest in a government-subsidised National Disability Insurance Scheme housing for disabled people. KB Securities said it had clawed back $247 million from LBA Capital, gained a freezing order over a further $108 million, and would go after LBA’s three registered executives for the remaining $40 million.

 

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lol....they are going to be able to keep the deposit once they complete the requirement to complete. They are very lucky.

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 /  🏆 6. in SE

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