Sasha Hopkins and the "A Team Property Group"

Sash appears to be a protected species in this forum.

Not even actual investors that have lost actual money from TATPG can share their actual experiences in thsi forum.

 

@born2reign I'm a reporter at the AFR. I'm keen to have a chat about some of the issues raised in this forum. Could you send me an email?
[email protected]

 

Welcome aboard Max, looking forward to the exposè.

 

Feeling free to reach out too, Scott, if you have any information.

 

Welcome Max. Thanks so much for helping expose this horrible situation that has taken place.

 

I have followed sasha hopkins for a long time since getting into property the last 5 years went to a few of his seminars, after a while i figured out what he was actually doing, starting a development company using OPM, i see a 10 story apartment being built by i believe it was Hunter hopkins right on the top of kangaroo point central brisbane last year and too see that i take my hats off to him for what he achieved, took me a while to realise it may of been a bit of a porkie pie about his portfolio hitting 30m in like 4 years or something but thats just marketing tactics. to see that 10 story apartment being built by his company last year i reckon thats pretty impressive, would atleast be 10million to build?

he came in to the property world here in aus like grant cardrone in the us, it seems he has had a few problems recently so he may of bitten off more than he can chew but i still take my hats off to him.

If he does owe people alot of money at the moment though then thats not cool & a pretty big mistake it seems.

 

Nothing impressive about using other people's money and then building a 10 storey building. If you throw a dart 100 times and eventually 1 hits the bulls eye, doesn't mean you're good at playing darts

 

Yeah that is true

 

ASIC have reportedly commenced proceedings after the ARF investigation reporting. Lets see if they actually act. Lets hope they also act for the dubious acts of professionals who assisted smsf setups to facilitate this being worse. When will state and commonwealth regulators act ??? Reminds me of the 2000+ period and mezzanine finance scams stripped many mum and dad investors. Financial planners fed off the vulnerable etc. Ironically financial advisers say "DONT"and gullible investors see the big returns offered and then shut down any independent discussion.

The solution seems very simple. ENFORCE a rule that requires all investors to have independent financial and legal advice to managed investment schemes or unlisted / unregulated product. Make lending or a investmnet in any form to any entity a financial product. And they cant sign off if they or an associate or acquantance derive any benefit or interest in any way. No accountants exemptions. ONLY exclude direct title to real property or listed shares/ ETFs etc. And then dont allow licensed financial advisers earn a fee other than one directly charged for advice on whether to invest or not. No placement or other fees or any indirect income whatsoever.

Make all unlicensed offers / advertising or promotion in any form have a disclosure they "We do not hold investment credentials issued by ASIC and any investment or loan may be a risk to financial loss". Its like labelling "poison"as "poison".

A Team Property Group and Sasha Hopkins being investigated by ASIC over project collapses

 

I believe this has been the case for several years.

 

need an independent auditor i.e KPMG to verify the figures. Who know the figures can be made up.

 

I have unfortunately been caught up in one of Sasha Hopkins' JVs. I invested into the 'Live Brighton' development which, unlike a few others, actually did get completed and they're currently trying to sell the units. I've only just learned about all of the issues with The A Team and burned investors and I'm obviously very concerned about the likelihood of ever seeing any of my money again. Does anyone know whether there is any class action or combined effort from investors to try to get their money back?

I have found an ASIC article which says that the court has frozen Sasha's assets and those of The A Team company:
"ASIC sought the freezing orders to help protect investor funds while its investigation is continuing. Any person who is concerned they have invested with A Team, Sasha Investment Holdings or Mr Hopkins can contact ASIC at  [email protected]."

However, I've tried to send an email to that address and it only bounces back.

 

Sorry to hear you have been impacted by this. If the provided email doesn't work you probably need to be calling ASIC during business hours. Keep trying until you get through.