Henry Kaye

Henry Kaye seems to be in the news again of late regarding land banking schemes, Jamie McIntyre also features

Henry Kaye grilling? Senate to probe land-banking schemes
Date June 7, 2015

Kaye continues to conjure
Date March 8, 2015

How to be more like Jamie McIntyre: Inside a spruiker's seminar
Date March 8, 2015

Slater and Gordon rattled by Henry Kaye link
Date January 8, 2015

 

His name did cross my mind the other day. This bubble isn't the same without quality spruikers.

 

Kaye land bank scheme in tatters

ok im not a corporate / scam expert

but how does such a person become involved in the same thing again,

and how does any sort of scheme like this even possibly get past the dream phase.

what exactly happens?!?!? someone tell me

 

Freedom, Anyone is free to get involved with any scheme. Seems ASIC stepped in because of insolvent trading.

 

why would anyone invest and keep on investing in land banks in the middle of nowhere,

its not a few $k here and there, its millions.

 

Lack of common sense, lack of research combined with misguided trust and deceptive behaviour of the behalf of the spruikers.

 

Good salesman

 

Look at what I found, when I was tidying up my garage...

probably circa 2002, probably paid around $5k for the course

Hey, come on ... give me hugs for coming out of closest and own up

 

I know of a case where a person was banned from becoming the director of a company for a certain period of time. He was director of another company 6 months later having changed one letter in his surname. It was beought to the attention ASIC who did...... nothing

ASIC and ACCC have been toothless tigers in my experience.

 

We may have been there that night,we walked out when he saw the numbers leave,i heard him say to one gentleman next to us,you don't want to be worth a million do you,he just turned around and said i already am several times over,and i intend to keep it that way ####-wit,then walked out,at least the doormen doorladies just let everyone out..

 

no shame- we've all been taken at one point or another.

7 minute abs for me!

 

Gold.
Would have loved to have seen the look on his face.
Although, it probably would have no impact on snakes like him and it would be moving right onto the next victim.
Is there some form of mental illness diagnosis for these shamefull spruikers?
How can they not know they are destroying lives for their own financial benefit, but can't resist doing it anyway?

 

Anything good in there?

 

I'm sure some of them are undiagnosed psychopaths so they aren't able to empathize, among other things. There are quite a few people who are able to function in society and (unknowingly) use their psychopathy to their great advantage as they see it.

 

I had one too! brings back some old memories

hey how come you have three of them?? I only had one

I also bought the internal home reno design kit for $5k whatever it was called, but I returned it

I went to the course that was origianlyl supposed to be in melbourne but they moved it to the last minute to sydney and they gave us a $500 cheque to cover flights/hotel etc.

 

I have seen a lot over the years,always the same business model in a upswing market,and you look at some of the people they had in their target range most just wanted fast bucks not knowing what risk is,perfect storm,but i did listen in 1996 to one person who told it like it was
when he talked it was standing room only,and everyone just listened,i still have the book he signed for me on that night,very good read and would work the same today as it did in 1996.
http://www.amazon.com/How-Start-Savings-Rich-safely/dp/0646178660

 

I remember clearly after I had done one of his courses, the next day he had an ad in the paper with his face hugely on it, that he would turn 5 people into millionaires using none or very little money and he would do it in front of the live audience,

that would have been interesting to be there

 

To be honest I didn't mind the course. It was pretty full on, getting into some of the topics joint venture, options, and advanced finance that I probably will never use though. The guy speaks like he was the commentator at Melbourne cup, so fast...

In my view, I believe if anyone followed his strategy in his course would not come out broke, but probably not rich either, just me saying. However, his course was offered during sydney rising market/boom ( don't all property investor course (aka spruiker) appear during rising/booming market ;P), and when you do your DD based on his course to the time you implement/purchase property, it is on down cycle, which makes him a bad person....