Entertainment Celebrity Actor Peter Phelps diddled out of superannuation

Actor Peter Phelps diddled out of superannuation

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Veteran Aussie actor Peter Phelps says his kid’s future and the farm are “gone” after being allegedly ripped off by a financial adviser.

Phelps is believed to have lost more than $400,000 after falling victim to disgraced Queensland investment adviser Brad Sherwin.

According to Fairfax newspapers, more than 300 self-funded retirees lost up to $27 million after investing with Sherwin’s company Wickham Securities – a mortgage finance lender providing funds for borrowers buying or refinancing commercial property.

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“Superannuation stolen by bankrupt ‘financial adviser’ Brad Sherwin,” Phelps wrote on Facebook on Tuesday.

“Was property investing super … [and] the c*** frauds us.

“Kids future. Farm. Gone.”

Wickham collapsed in December 2012, owing millions to investors and a month later related entities, including DIY Superannuation Service and Sherwin Financial Planners, went under, owing another $30 million.

Phelps, whose list of acting credits include Baywatch, Stingers and Point Break, has not stated in which company his superannuation was invested.

Sherwin was banned for 31 months in 2013 from operating in the financial services sector by the Australian Securities and Investments Commission, Fairfax reports.

His assets, including a string of private companies and his wife’s stake in a racehorse named Boomalicious, were frozen. Sherwin was hospitalised soon after.

Sherwin has previously denied wrongdoing, via his lawyer Adam Magill.

AAP has contacted Phelps and his manager for comment.

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