In 2021, Pentana Stanton Lawyers represented the Williamses, a
retirement-age couple who lost their superannuation to Brighton financial planner Terence Rio Rienzo
Nugara.
After our team, led by principal solicitor Jesse LaGreca,
recovered their superannuation by pursuing Nugara, Nugara's
company Skynet Financial Services Pty Ltd, the Williamses'
accountant, and Nugara's AFS licensee, we also sought an
additional damages assessment against Nugara and his company. The
result: the Williamses walked away with their superannuation (plus
interest) and an additional $50,000 in damages.
But that money had only been recovered through insurance through
the relevant AFS licensee. Nugara himself - the alleged mastermind
behind more than $9 million in superannuation theft - fled
Australia in 2019 and spent the next three years living a life of
luxury with his former clients' money in Bali, Costa Rica, and
Mexico City.
