Collapsed super fund manager claims $200m was swiped for rooftop pools and supercars

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Share A A A The former operator of the collapsed Shield Master Fund is suing his builder for $200 million, alleging investor money that was intended for developments was used to buy flashy cars and high-end property.

Paul Chiodo’s private company, Chiodo Corporation, has launched action in the Supreme Court of Victoria against City Built and its Ferrari-driving founder Roberto “Robbie” Filippini and members of his immediate family to claw back the money.

Paul Chiodo outside the Federal Court last year during compulsory examinations by the liquidators to Keystone Asset Management. Jason South Chiodo’s relationship with Filippini has been a key prong of the investigation into the collapse of the $500 million Shield Master Fund in 2024 which wiped out the superannuation savings of nearly 6000 people.