Showing posts with label Land-share investment scam. Show all posts
Showing posts with label Land-share investment scam. Show all posts

Sunday, October 1, 2017

Bhula Bhula Community Disaster



By Melissa Hirsch - A Defrauded Investor -

My experience of the Bhula Bhula Community disaster:

I bought into Bhula Bhula (BB) in March 2015, fourteen weeks before the land was purchased. I was both excited and concerned… in retrospect I can see how naive and trusting I was.

As a single, middle-aged woman I was excited at the possibility of living in a community of like-minded people. It would be a combination of a social, support and information network with kids, families, intelligent conversation, a brain-trust… people who knew more or differently from me.

My concern was the gap between what was on paper and what was alluded to and ‘emphasised’ by the front men (the boyz).

So many of the 'stories' that were sold to us never eventuated… the community centre, the equality, transparency and honesty… even the contracts on paper that were constantly a ‘known’ within the community were not honoured.

One of the most important processes that was not actioned was the "Incorporated Association" through which investors would jointly own and control the land. The Association should have been the sole share holder in the company that owned the land. 


Instead, (name removed) made himself the sole share holder, never registering the Association or those that paid for the land, though I do have emails from him informing us the "Association" was registered, and all the rest of the 'stories' about how we would become members before the land was purchased, etc, etc…
 

No matter how many times we asked, requested, demanded, nothing changed!

Emails, YouTube clips and conversations were full of contradictions and manipulations of the truth to cover their arses, but these were also purposeful, conscious manipulations to 'sell'. At first we thought the contradictions and changing ‘facts’ were mistakes, but its clear now how deliberate these were.

Whenever anyone asked questions, or asked to see the financial accounts they were ignored, then eventually verbally bullied and abused in person or through emails. The boyz send spiteful anonymous emails,
full of venom and personal attacks. Their most recent pseudonym is "Dummass Boofhead"  or "FYJ Boofhead" (thats FYJ for "F*k You Jimmy" -- a phrase that amuses them no end).

There are at least 5 families who have lost their entire life savings to these people and many individuals have lost huge chunks of their earnings, over $1.5 million, all taken from those who earned and saved then purchased the land.
 
Here are some of the games these boyz have played: they have gone from one tax avoidance scheme to another, changing companies, foundation names and fronts, burning many people/companies/foundations/businesses. All because they can, because they exploit legal loopholes and betray the trust of honest, decent people.
 
Their next project is another Eco Village at Mt Burrell. Apparently they are sucking in more people and manipulating the truth and those in authority. If you think those of us included in this blog are just bitter, twisted losers, then talk to some Mt Burrell locals and hear them out… that way you can save your arses, your money and count your blessings that there are some moral and ethical people out there, willing to take a stand.

I recommend watching the YouTube clips….RECREATING THE VILLAGE #1 &#2…..so much of what is said is NOT TRUTH… those TRUTHOLOGY boyz… tut, tut!





Wednesday, September 27, 2017

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.

vision.jpg
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!