Tuesday, May 29, 2007
HIGH-risk LOANS
heraldsun: Family investors lose $300m
A HIGH-risk property investment scheme has collapsed, owing mum and dad investors more than $300 million.
Estate Property Group and its investment arm Australian Capital Reserve called in administrators yesterday.
Posted by chris @ 06:29 AM (27 views) Add Comment
2 Comments
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1. sold 2 rent 1 said...
The first flake of the blizzard
2. talking rot said...
This happened in Australia. Are there similar high-risk schemes going on here in the UK? Anyone know?