Ponzi victims keen for mansion to sell
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