'We're living in limbo': elderly couple caught up in alleged investment fraud

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Eugene Didus and his wife are stuck in limbo after the buyer of their home, LBA Capital, was accused of committing a $400 million fraud against Korean investors.

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Eugene Didus had finalised everything for the sale of his home of 45 years at Deer Park, in Melbourne's west.

The two lenders gave almost $400 million to LBA Capital to invest in a government-subsidised National Disability Insurance Scheme housing for disabled people. KB Securities said it had clawed back $247 million from LBA Capital, gained a freezing order over a further $108 million, and would go after LBA’s three registered executives for the remaining $40 million.

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lol....they are going to be able to keep the deposit once they complete the requirement to complete. They are very lucky.

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