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A $667 million fraud scheme exposed misconduct in Australia's superannuation system, prompting calls for major reforms.
A major investigation has uncovered widespread misconduct in Australia's superannuation system, involving a $667 million fraud scheme tied to improper fund management and financial misrepresentation.
Regulators describe the actions as "industrial-scale misconduct," highlighting systemic failures across multiple institutions.
The scandal has prompted calls for sweeping reforms to strengthen oversight and accountability in the retirement savings sector.
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Un plan de fraude de 667 millones de dólares puso al descubierto una mala conducta en el sistema de jubilación de Australia, lo que provocó que se pidieran grandes reformas.