Melbourne teacher faces working for another 30 years after $168,000 vanishes overnight

Melbourne teacher faces working for another 30 years after $168,000 vanishes overnight 12.07.2026

Ariel Mack, a 48-year-old former teacher and single mother from Werribee, Melbourne, saw her $173,000 superannuation fund plummet to just over $5,000 after the catastrophic collapse of the First Guardian investment scheme in 2025. The scheme impacted approximately 5,800 investors, with Mack losing a significant portion of her retirement savings, including money from her separation settlement.

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