There is certainly a large number of morons posting at the moment. While Jmutch was the last person who should be investing other people's money, people who lost money in his fund lost it because they made a terrible decision to buy in to jmutch's sh*tty fund, even after I gave several warnings before the IPO. He didn't scam you, you scammed yourself for not doing your due diligence.

In short, calling ASIC over this makes you an imbecile who should keep their money in the bank and never ever try to "invest" in anything. Don't be a sore loser, you made a bad choice and you lost. Take the loss and get over it.