Newspaper article The Northern Star (Lismore, Australia)

Pensioner's Investment Vanishes

Newspaper article The Northern Star (Lismore, Australia)

Pensioner's Investment Vanishes

Article excerpt

Byline: Rebecca Lollback and Graham Broadhead Ballina reporters

PENSIONER Paul Chivers has little hope of getting back the $5000 he put into a Ballina-based investment company, with the business no longer answering his phone calls or emails.

The company a Dellingworth Pty Ltd a has also taken down its website and its 1300 number has been disconnected.

All online details of the company have disappeared.

The Northern Star has also made repeated attempts to contact Dellingworth, with no success.

Mr Chivers has now made an official complaint to the police.

Mr Chivers lives at Arcadia Vale south of Newcastle and first heard about Dellingworth at a financial expo in Sydney.

The firm offered to invest money in the stockmarket and provide Mr Chivers and others with a share of each day's trading.

Dellingworth made their money by taking their cut.

Mr Chivers put $1000 into Dellingworth in January to trial the offer, and, after a week, decided to add another $4000. …

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