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Building a $1.6bn property portfolio in 12 months

Discussion in 'Living Room' started by Blueskies, 26th Mar, 2016.

  1. Blueskies

    Blueskies Well-Known Member

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  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Amazing!
     
  3. marty998

    marty998 Well-Known Member

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    I keep saying it over and over. Accounting was definitely the wrong career choice for me.
     
  4. bob shovel

    bob shovel Well-Known Member

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    "in an Audi sports car and found quantities of ice, Viagra and ecstasy"

    Yep he's doing it right!

    How do you just "get" that portfolio?? Cash or toys you could say drug business, but surely this must be a massive inheritance of some kind
     
  5. PacMan

    PacMan Active Member

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    o_O something doest add up, if it was an inheritance then he would have surely disclosed it
     
  6. bob shovel

    bob shovel Well-Known Member

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    Not if its the mob!
     
  7. Coota9

    Coota9 Well-Known Member Premium Member

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    Ice Ice Baby..
     
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  8. Blacky

    Blacky Well-Known Member

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    If it is funds from some kind of illegal source it will be somewhat embarrassing for the police, ATO and a couple of other govt agencies.

    Blacky
     
  9. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Sounds like identity theft or inherirtance, there is no way a legitimate carpenters wage could service a 12 billion dollar portfolio.

    Besides, we all know that real property magnates drive Bentley's....
     
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  10. Raydar

    Raydar Well-Known Member

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    Nigerian Prince...obviously.
     
  11. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Was about to make this thread!

    Will be good to see this story unfold
     
  12. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Totally messing with my mind, trying to work out how/what/why/when

    He's Dr Who isn't he?

    I can't fathom that many 0s in a portfolio. Just mind blowing

    [​IMG]
     
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  13. sanj

    sanj Well-Known Member

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    none of it makes sense. if he was a major drug dealer he wouldn't have all that cash and assets in his own name and certainly wouldn't be driving around with drugs. also wouldn't be using a court appointed lawyer.
     
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  14. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    The only 'proof' of the $596m bank balance is him logging in to show his solicitor. I'll believe it when the bank/police/court verify the amount.
     
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  15. Tyler Durden

    Tyler Durden Well-Known Member

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  16. sash

    sash Well-Known Member

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    Yep.....the question is how did Austrac not pick up the suspicious activity...to have that kind of money in your bank account....lots of money would have to have gone in....that is a lot of coin to go un-noticed.
     
  17. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    Welcome!

    Austrac would have reported him to every enforcement agency under the sun if he had that kind of cash!
     
  18. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    There is nothing to go on other than some incidental comments during a bail hearing. No evidence was supplied.

    Austrac would have picked up any money transfers but not account balances. Presumably if he does have a lot of money it was transferred in from somewhere. Just because there are no public statements doesn't mean they are not in the midst of an investigation.
     
  19. Tyler Durden

    Tyler Durden Well-Known Member

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    Last edited: 26th Mar, 2016
  20. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Austrac is just a reporting agency. Its not supposed to have teeth.
     
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