By Gi Linda.
“Truthology” was the deceptive front used as a database in 2014, calling for investors to buy land and form a “Village Community.” Controllers of the venture acquired $1.5 million to purchase the land, plus loans and superannuation, and established “Bhula Bhula Village Community” at 3222 Kyogle Rd, Mt Burrell, NSW, Australia.
But the “Village Community.” was governed by an improperly executed Trust that enabled controllers of the venture to betray the trust of the supposed "unit holders".
Potential investors were misled by false representations and the silent omission of known restrictions on potential land use. Investors who paid for the land were then disenfranchised with only a beneficial interest in an empty Trust.
“Truthology” was the deceptive front used as a database in 2014, calling for investors to buy land and form a “Village Community.” Controllers of the venture acquired $1.5 million to purchase the land, plus loans and superannuation, and established “Bhula Bhula Village Community” at 3222 Kyogle Rd, Mt Burrell, NSW, Australia.
But the “Village Community.” was governed by an improperly executed Trust that enabled controllers of the venture to betray the trust of the supposed "unit holders".
Potential investors were misled by false representations and the silent omission of known restrictions on potential land use. Investors who paid for the land were then disenfranchised with only a beneficial interest in an empty Trust.
Online “Truthology” marketing material was removed after the land-share scam was exposed in local newspapers in 2016.
Many assurances were given to potential investors that development approval was in process, yet controllers of the venture, knowing that the land was protected as water catchment for a proposed future drinking water dam, never applied for the required permits.
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| Tweed Daily News: "Living in a Nightmare" |
Many assurances were given to potential investors that development approval was in process, yet controllers of the venture, knowing that the land was protected as water catchment for a proposed future drinking water dam, never applied for the required permits.
More than 21 investors who had purchased the communal property at Mt Burrell, were forcibly driven off the land during 2016-17, without return of their funds.
Despite much pretense, investors have received no restitution as controllers of the venture attempt to take private control of the land through a deceptive “phoenix move.”
Despite much pretense, investors have received no restitution as controllers of the venture attempt to take private control of the land through a deceptive “phoenix move.”
Controllers of the venture, after fleecing the purchasers of the 640 acre property, are again rattling the can, asking credulous investors to believe their "new promises" and give them money, as they aspire to purchase 3,000 acres and form another “Village Community” on adjoining property, together with landowner Peter van Lieshout.
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| Landowner Peter van Lieshout |
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| Mt Warning Eco Village - baiting with "alternative lifestyle" lures |
Buyer Be Warned!
