Trio Capital exposed: Shawn Richard - best liar I've ever met

By Cydonee Mardon
Updated November 8 2014 - 3:44pm, first published November 5 2014 - 6:00am
Peter Wood
Peter Wood

Peter Wood, a smooth-talking salesman, trusted Shawn Richard with more than just his money. He gave the Trio Capital chief a place to stay when ASIC investigators closed in on him, shut down his company and froze the fraudulent fund he controlled. Wood stood by his mate, not believing for a second he could have been running Australia's biggest superannuation fraud. But five years on, he concedes he was duped by the "best liar" he's ever met. He doesn't buy the official story that US-born Jack Flader was the man in charge. CYDONEE MARDON reports.

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