Land-share Investment Scam -- A Warning!

By A Concerned Neighbour -

I am a 'Mt Burrell local' and I have watched what has gone on at 3222 Kyogle Road since 2014 when the promotors set about getting the funds together to buy the land. 

I was appalled by the promotors' first youtube video talking about our piece of paradise, calling it "Hicksville" and boasting how they, with the help of likeminded people, would educate the locals, take over Sphinx Rock Cafe and serve real food, that they had grown on their land. 

3222 Kyogle Rd, Mt Burrell, NS

A shanty town grew up at 3222 Kyogle Road. Fortunately the council became involved and the Land and Environment Court ordered all dwellings, except the original farmhouse, to be removed. What was once prime agricultural land is now in ruins. Everyone left after taking down their dwellings.

I have subsequently met several of the people who 'invested' their money in this illegal scheme and they are good people who believed the dream that the promotors were selling. They have lost their 'investment' and for many that was all they had - everything gone.

New offers, same lies

The promotors have now expanded and renamed their land-sharev enture Nightcap Village. They have started with the same lies and schemes that I saw at Mt Burrell in 2014-16. More people are being conned and once again they will lose their money.

Don't listen to their lies!
Don't give them your money for nothing but heartache in return!

(Names have been redacted from this account)

Facts About Mount Warning Eco Village Scam

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.

Online “Truthology” marketing material was removed after the land-share scam was exposed in local newspapers in 2016.

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.”

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.

Landowner Peter van Lieshout

"Mount Warning Eco Village” is again marketed with assurances that dwelling is permitted, and cabins are offered for sale. Yet the intended "Eco Village", like the failed "Bhula Bhula Village Community", is located on environmentally protected land. Again, there is NO DA in place for multiple occupancy on the land, and no application for development of a "Village Community" has been submitted to Tweed Shire Council.

Mt Warning Eco Village - baiting with "alternative lifestyle" lures

The continual soliciting of "mezzanine finance," "loans,” “advances," “ethical investments,” "superannuation funds"   and “pre-DA purchase of home-sites" on environmentally protected land without development approval has been ongoing since 2014. This is a SCAM that has already left investors with trust betrayed and shattered lives, defrauded of over $1.5 million.

Buyer Be Warned!