Prime Trust Action Group Newsflash – 28 February 2013


ABC 4Corners Program


We are pleased to report that, as foreshadowed in our most recent Unitholder Update, the forthcoming ABC 4Corners program will report on Investment Schemes and feature the collapse of Prime Trust as one of the key case studies.  


We understand that the program, entitled “A Betrayal of Trust”, will screen on Monday 4 March 2013 at 8.30pm, be repeated on Tuesday 5 March 2013 at 11.30pm, and also be available on ABC’s iView in due course.  A synopsis of the program is available by clicking on the following link:


The program is expected to feature interviews with Mr Don Steel (one of the founding principals of the Prime Trust Action Group), Mr Stirling Horne (the Trust’s Liquidator) and several individuals who have experienced financial or personal hardship as a result of the Trust’s collapse.  


On behalf of all unitholders, we would like to express our sincere appreciation to those individuals who agreed to share their personal experiences in the making of this program, and to the ABC for the very professional way in which they investigated and researched the issues surrounding Prime Trust.  



Prime Trust Action Group

28 February 2013