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0.General, 1.Market Observations, 2.Strategy

23 Aug 2014 (AFR) – Wake-up call for investors in property advisers’ collapse

(23 August 2014, AFR, p29, Duncan Hughes)

‘More than 1000 investors are facing upwards of $75 million in losses from the collapse of two companies specialising in property investments and developments, specialists involved in the clean-up say. Melbourne accountant turned property developer Mark Letten has been jailed for more than five years after his companies placed more than $100 million in developments and lost $67 million.’

Read more at (might need AFR login access)


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