Ponzi victims keen for mansion to sell

Ponzi victims keen for mansion to sell

By Amy Rose Gilltrap on Nov 06 2018


An Auction today for Sanctuary Cove luxury home will be keenly followed all the way from India.

That's because the properties in question - 1019 Edgecliff Dives and an adjacent block at 1020 - was purchased in 2011 by Pearls Group, via a related entity, for $4.9 million with Pearls allegedly using funds from a giant Ponzi scheme.

Written by Alister Thomson
Full article - Gold Coast Bulletin, Friday October 12, pg 31 Business 

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