Forum Replies Created
- Terryw wrote:Hi Pos
Yes, understandable. But if the company is still trading you should report them to dept of fair trading. You can see the status of the company at http://www.asic.gov.au (ie if it is liquidation etc)
terry,
i am in the process of doing that, have already made a formal complaint to fair trading, they recommended that i also make a complaint to securities commission. when doing this I was having some hurdles as the ABN that he has advertised wasn't coming up when i put it into the online form, i then had to do a company search and have found a different number and many other numbers and names also that he is registered by. I also found that he has relocated to queensland. at present there is nothing that indicates he is in liquidation except from what I have heard. It would actually make it much more easy if there was something there in regard to liquidation as then it would be easy to prove he is trading while insolvent and he would go for that.
pos
Terryw wrote:Pos,You should also realise that a company is legally a separate entity. Even if he owns 100% of the shares and is a director it is different. So if the company gives the guarantee and goes under the person behind the company is not personally liable unless they have personally provided guarantees. (the directors, even shadow directors, can be liable under certain circumstances such as insolvent trading).
Thanks Terry,
yes I am aware of the difficulty I am facing in regard to a company if I wish to pursue this matter. At the moment I am just really "P" off and this is a great way to vent my anger and hopefully make other people more cautious. I am probably venting my anger more at myself and would love to really say what I think of this man and his calculating methods of scamming people.pos
daniellee wrote:Hi, PosClearly, if a product is that amazingly good, it does not require a guarantee.
What are your plans for the property then?
Regards
DanielDaniellee,
who said it was amazingly good? You are right! It shouldn't have needed a guarantee. I can't believe what an idiot I am. Unfortunately for me I was suckered by a professional con artist who made promises that he obviously had no intention of keeping, believing that i would not be caught out having to pay the mortage myself if I had no tenant or the oportunity of at least selling it back to the con artist John Cox. I am lucky enough that I can afford to keep paying it, i will probably end up selling it off at a loss just to wipe my hands of it. I am more concerned for people who are not as fortunate as me and have no choice but let the bank take it. I would like this fraud exposed for what he is.
pos
Rhys_Roberts wrote:If you can afford it I suggest that you sue anyway and bankrupt the bastard. That will prevent him doing the same thing to other people.I would love to sue him and bankrupt him, however i think bad publicity will do it for me at no extra cost. I have lodged a complaint with Fair Trading ( false and misleading )and they have also advised that I report them to the Australian Investment Securities. The biggest problem that I have with him is that he is still advertising the same guarantee and selling properties, I would like to know if there is anyone out there that have delt with Advance Property Research and experienced the same problem. So please tell all of your friends, google Advance Property Research so that more people know.
pos
