From The Australian:
The Labor Party has presented the media with their own ‘real tradie’ who lost his house as a result of dodgy financial advice, as they campaign for a royal commission into the banks.
Mark Hadley, 50, from Oakhurst in Sydney’s Blacktown, used to work extruding copper pipes and as a machine operator before starting a chimney sweeping business after an industrial accident.
He met with Bill Shorten at a media event along with five other victims of poor financial advice and Commonwealth Bank financial planning whistleblower Jeff Morris.
…”Yep, had a mortgage, my wife worked as well just to make ends meet, we had a tax agent who was a financial adviser.“The schemes sounded great he was eloquent on how he spoke, he answered all the relevant questions and said the government backed all the schemes all sorts of things” Hadley said.
“We invested $200,000 thinking that it as going to be for our future for our retirement,” he said
…“I ended up losing my house I had to downsize and then basically start again.”
