Trio Captial exposed: one of these men ran the $176m Trio Capital rort

By Cydonee Mardon
Updated November 3 2014 - 11:00am, first published 6:00am
The man on the left is Shawn Richard. The man on the right is Jack Flader.
The man on the left is Shawn Richard. The man on the right is Jack Flader.

Today, for the first time, we reveal Shawn Richard’s account of the Trio Capital fraud, based on his confession to the Australian Securities and Investment Commission, which was only recently released. This was the document that convinced ASIC to claim the mastermind was an American living in Hong Kong, Jack Flader. 

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