Investment scheme leaves families $60 million out of pocket

Mum and dad investors may be out of pocket to the tune of $60 million due to an investment scheme involving a complex web of companies and trusts connected to financial advisor Kris Agrawal and his wife, many of which have gone into voluntary administration or liquidation. Olvera Advisory principal Mirzan Mansoor has been appointed external administrator of five of the companies, while ASIC has confirmed that it has commenced a formal investigation into the matter. More from ABC News.