Ladies and Gentlemen - ASIC were asleep at the wheel on this one!!! It wasn't so much the business model as it was the crooks that were running the scheme AND ASIC new very well of the chequered history of these men in question! As the story goes these men had a history of failed investment schemes and ASIC had a hand in helping them get Sterling up and running! Come on Money Management there is a story here that ASIC need to answer, how about doing some 'investigative journalism!'.