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Property spruikers caught in clampdown

Discussion in 'Property Experts' started by Redwing, 31st Jul, 2015.

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Redwing Well-Known Member

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18th Jun, 2015

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WA

From The Australian

More than 86 property spruikers have been nabbed in a co-ordinated effort to stop promoters duping investors with unfair rent-to-buy schemes and “free”investment seminars. ... High-profile property investment advocates Rick Ottonand Dymphna “the Dynamo” Boholt are among investment advisers and...

At least 10 property groups around the country face legal action for making unsubstantiated and misleading claims about their property investment schemes.

Among these groups are Easyhomes WA in Perth, Rick Otton and We Buy Houses in NSW, and Victorian companies Creative Property Australia, Benny Bull and operator Benjamin David Chislett.

Other traders, including [Dymphna “the Dynamo”] Boholt, have been issued with legally enforceable undertakings, and have been made to promise they would modify their behaviour, including changing their advertising and to stop making misrepresentations.

Lawyers and property executive argue that the number of unscrupulous operators is growing…
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Redwing, 31st Jul, 2015

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