Tag Archives: scams

DESPERATE AND DATELESS

Desperate investors hoping to recoup losses made here in Australia are looking at the sometimes miraculous returns being achieved in the depressed real estate markets of the United States of America.

I’ve been fortunate to have lived and travelled right across the US of A and whilst it’s an amazing country with great people it’s not a place for out-of-towners to buy real estate just at the moment.

Scammers are working out of the United Kingdom, all over Europe, South America and right here in Australia, successfully liberating millions of dollars from unsuspecting punters who believe their intricate web of lies.

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SOLAR SCHMOLAR

I knew it!  You can’t trust them as far as you can throw them.

“Hear Ye, Hear Ye, gather ‘round all yea true believers and install solar power stations and reap the treasure trove of free energy and generous rewards from thy trustworthy Government  and most honourable power companies!”

BOLLOCKS!

What an absolute con job…

Anything that sounds too good to be true is normally too good to be true and this, like the insulation scheme and most, if not all other schemes thought up by stir-crazy politicians, is doomed to fail on a massive scale.

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A SCAM THAT CONTINUES

Many years ago I lost $250,000.  I’m not stupid, merely as trusting of professionals as most lay people. My life savings were stolen by a group of Company Directors, Accountants, Solicitors, Valuers, Financial Advisers, so-called Consultants and Real Estate Agents, working together in such a way as to totally confuse and bewilder even the most experienced investor or business person.  Since then more Accountants, calling themselves Receivers this time, more Solicitors and more Advisers and Consultants have taken whatever was left after properties were sold and proceeds distributed.  Fellow investors and I advanced $2 million on a land valuation of $3 million supplied by a well-known firm. When the scheme collapsed, the land sold for just $220,000.00! The Receiver’s costs were $270,000!  One fellow investor died from the stress of it all.

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