There is no suggestion that the Filippinis had any involvement in the management of the fund, just that they received money from their son, who in turn had been paid large sums by the fund’s operator, Paul Chiodo. This included large sums of investor money being transferred to Filippini for a no-budget renovation of Chiodo’s own $10 million inner-city pad.
The Filippini family delighted neighbours for decades with their extravagant Christmas lights display and raised hundreds of thousands of dollars for the Heart Foundation via raffles and other charitable donations.
People enjoying the Christmas lights at the Filippini home in 2019. Credit: Facebook
The event was so big, it even hosted food trucks and other side events like tarot readings.
COVID restrictions cruelled the much-loved tradition in 2020 and in 2022 the family announced on their Facebook page that they had decided not to continue the annual event due to personal circumstances.
The freezing orders allow the court to be assured that the assets of the Filippinis are preserved while the case is before the courts. If the liquidators are unsuccessful in their case, the freezing orders will be lifted and the Filippinis will have the right to sell any of the properties.
The freezing orders do not apply to the Filippini family home that was once strung with more than 100,000 Christmas lights each year.
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Instead, the orders cover a large portfolio of family property that includes a $15 million apartment in inner-city Melbourne and a newly built five-storey home in Toorak with a rooftop pool and a basement gymnasium estimated to be worth more than $10 million.
The family’s portfolio also includes several shops in busy retail strips around the city which are also subject to the freezing orders.
Fifteen vehicles belonging to family members – including four Lamborghinis, two Ferraris, a Maserati and a Jaguar – are also frozen by the court orders.
The family’s appeal comes after Robert Filippini unsuccessfully asked the court to stay the case brought against him and his family by liquidators, telling the court that he expected to be charged with criminal offences as part of the corporate watchdog’s investigation into the collapse of the fund.
A Ferrari 296 GTB in full flight. A car of the same make and model owned by a Filippini family member has been frozen by the Federal Court.
Despite that claim, Robert Filippini is not currently subject to any formal action by the corporate watchdog relating to the Shield Master Fund. Nor are any members of his family.
Robert Filippini has also long maintained he has been unfairly targeted by the liquidators and the corporate watchdog, insisting that the money he received was for legitimate building projects, and the paperwork delays were caused by the fund and not by him.
He also attempted to save the fund via a rescue package, known as a deed of company arrangement, that was rejected by creditors and administrators.
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Robert Filippini also told the court that he made the transfers into his family member’s bank accounts without consulting them first.
Tony, Matilda and Dimitra Filippini left Australia on a holiday in May 2025 and had told the court they would return in July, but are now not expected to return until May 2026. Robert has remained in Australia.
The court has heard the family transferred $7.7 million from their Australian bank accounts into overseas bank accounts between January and July this year.
