Kim, aged 35, has a dream of travelling the world.
'To achieve this, I've got to work hard and save hard. I'd been making huge personal contributions to my superannuation as I believed that this was the most secure and effective way of getting enough to retire early and travel,' Kim said.
'The last few years though have been absolutely shocking. Year after year of negative returns on my superannuation, and the administrators still had the hide to charge me fees for the privilege of having them lose my money for me.
'Then I saw an advertisement in the local paper that said I could get my superannuation in my hands for me to control. This was exactly what I was looking for.
'I called the number advertised and Greg, who answered, was really knowledgeable. He said that what I could do was put the money into a self managed superannuation fund and that then I could either invest it myself or that he could invest it for me. He had a huge range of investment options, property, shares, importing and selling motor cars, and his worst performer last year returned 45%. I decided to go ahead with a self managed super fund and asked him to manage my investments for me.
'It was a really tight operation. Every month I got statements telling me how well my fund was performing, and I just paid an administration fee at the end of the year. Sure it was more expensive than what I paid at my original fund, but with the returns I was getting it was worth it.
'Then one day I got a call from an investigator at the Australian Securities and Investments Commission asking me about my investment and wanting me to be a witness in a prosecution against Greg's company. Of course I said no. Greg had never been anything but good to me and he was getting fantastic returns on my investment. Imagine my surprise when the investigator turned up at my home with the bank statements for my fund, showing how the money had gone into the account but had been withdrawn in hundred dollar amounts at the local casino. Only $550 of my $30,000 superannuation balance was left!
'So what happened to my investment plan? Turns out Greg had a gambling problem and he ran this scheme to fund it. So now I'm giving evidence. But as it turns out Greg's already a bankrupt and with his gambling problem there seems little chance of me getting any money back, even if he is convicted.
'Worst of all, the fund I had transferred out of has started getting really good returns, turns out it wasn't really their fault, just the market performing badly. Had I stayed with them I would have made up the money that I had originally lost and my funds would have been building again.'