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Well yes and strong control in Australia means this is level of scam is very unlikely but not infeasible. Great Southern had a business model and even a business. It simply didn't work when the market changed. I remember being told by a friend to invest and it seems to good to be true so I...

Excellent Post! In my investing experience that is what I have found as well but thankfully without the pain of no or negative gain.:eek: Control is why I invest in Property. I can stop problem but I can control then (I can fix rates, I can sell when I want, I can evict tenants) and the...

Ditto. Whilst I don't know the details and never invested with Steve or on Steve advice, I do know it takes courage and risk to put the fact out here. He could go to jail. Directors face enormous risks both personally and professionally. Advisers even more. Sadly some people take no...