Alleged investment scam leaves Australians missing millions

Key points

• Investors say they lost millions after Main Group FX, a licensed investment firm, vanished in 2023. Its former chief executive, Karim Farag, has been named on an Israeli government list of people accused of holding cryptocurrency accounts that may have funded a terrorist group.
• Farag says he has nothing to hide and will cooperate with any lawful investigation. He has not been formally notified of any legal action against him.
• The firm claimed to trade futures and commodities, and its registered address was in the Caribbean, according to company records.