Russell Sandiford is facing possible jail time and a hefty fine after he convinced people to hand over more than $400,000 for the purpose of investing before spending it all elsewhere and paying back just 1% of the total to investors.
So you've seen some great investing tips on TikTok, but is the person giving you financial advice actually licensed? Probably not. ASIC's Rhys Bollen joins us on the Friends With Money podcast.
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