Obeid etc. is the stuff that is visible, who knows how much is sitting below the surface like an iceberg?
I was quite burnt during the GFC from investments in the property sector. There's no other way to put it, company directors were looting the funds of investors, and were allowed to get away with it.
Remember John Hewson? While he was chairman, he approved a loan of $64 million to one of the directors of Elderslie Finance, Peter Alexis George. After the fund collapsed, George and the money disappeared. Hewson was never even questioned by ASIC, and still writes opinion pieces for MSM like the Financial Review.