- Joined
- 21 December 2008
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"Storm founder Cassimatis sells up
...According to sources, disgruntled former clients have been harassing the Cassimatises, putting rubbish in their letter box and throwing rubbish over the wall of the Belmont home."
GG,
I note that there are some open house times listed here.
http://city-news.whereilive.com.au/property/story/cassimatis-mansion-goes-to-auction/
I wonder if it isn't worth a quick call to Mike to arrange a quick wander through.
I'm might just check my calendar too.
S
"Storm founder Cassimatis sells up
...According to sources, disgruntled former clients have been harassing the Cassimatises, putting rubbish in their letter box and throwing rubbish over the wall of the Belmont home."
More by Tony Raggatt @
http://www.townsvillebulletin.com.au/article/2011/02/26/210801_news.html
I doubt if there is any point in going to the auction as it will be sold pre-auction.
I know an unfortunate man with a mental illness who lives in a housing commission house, in Townsville, and this happens to him frequently, and he has never harmed a soul in his life. I know for whom I feel more empathy.
I do hope they clean the rubbish away before my tenants occupy the Belmont property, should my pre-auction bid be successful.
gg
GG
Got a mate "No Neck Nick" who reckons it would make a great 'student conversion', make up to 180 self contained rooms, with bidets. PM me if you are interested. Nick may get his BSA licence back, on appeal, long story.
S
"STATE of Origin legend Wally Fullerton Smith is in a legal fight to save his million-dollar Gold Coast home
...was a financial planner with the collapsed Storm Financial Group."
I doubt if there is any point in going to the auction as it will be sold pre-auction.
I know an unfortunate man with a mental illness who lives in a housing commission house, in Townsville, and this happens to him frequently, and he has never harmed a soul in his life. I know for whom I feel more empathy.
I do hope they clean the rubbish away before my tenants occupy the Belmont property, should my pre-auction bid be successful.
gg
"Storm founders open doors to lavish mansion
The founders of fallen Queensland investment firm Storm Financial have opened the doors of their palatial Brisbane property to the public ahead of its auction later this month."
GG
I spent some time yesterday afternoon with my Stormer mate before I left Brislantis and returned to the Cove. It's been a while since we've had a face to face meeting and I'm quite amazed how gaunt he is looking. I reckon he's still struggling deep inside but trying to put on a brave face to weather the storm, his missus is still doing it hard.
We spoke about the recent tragedies of the floods, cyclone & quakes and how devastating it is for those affected. He brought up how the public perception of those events is so different to those wiped out by the Storm collapse. He tries to keep it quite that he was an investor as he feels he gets painted as greedy and foolish. I know this is not the case, he's no high flyer and has always lead a very quite, risk adverse and conservative life. Probably the exact opposite of me.
That's what surprises me so much that he would have been involved in this type of risky leveraged scheme. Somebody is really, really good at selling the dream. I believe he is typical of so many touched by this collapse. He's seems to still be in shock about the way his life has changed and is really hoping ASIC can do something else to ease his burden but is really not that confident.
I know he can't believe how the banks just walked away, pulled the rug from under him but made good commissions etc, he grunts and shakes his head when I mention EC and his advisers. I mentioned the property sales and reported recent purchase of the new home, he was silent and couldn't talk.
It's a bit of a wet soggy day here in the S/E, just hope my Blundstones don't tramp to much mud on the carpets during the open house.
S
I just thought I'd bump this thread up.
Lest we forget.
The greatest attrition of wealth in North Queensland in a century.
And the perpetrators would appear to be getting off scott free.
Where is ASIC?
Where are Slater and Gordon?
It is a disgrace.
gg
"Inquiry turns to Storm executives"
The investment advice and business practices of several senior former executives of Storm Financial are under review by the regulator.
GG,
As reported in the AFR on the 7th March '11
Looks like something big is brewing in ASIC-land.
I believe there are some really interesting times ahead.
I just thought I'd bump this thread up.
Lest we forget.
The greatest attrition of wealth in North Queensland in a century.
And the perpetrators would appear to be getting off scott free.
Where is ASIC?
Where are Slater and Gordon?
It is a disgrace.
gg
"FPA expels former Storm adviser
Conduct committee upholds findings
The FPA has expelled former Storm Financial adviser Gus Dalle Court."
Solly mate, I honestly do not think that ASIC have the balls or the budget to chase the perpetrators.
All apparent involved parties have been going to cash, to run a litigation/criminal defence against a legal pursuit.
gg
GG,
Before I left Brislantis for the Cove today, I met with my Stormer mate @ Jimmy's for a brew or two. He mirrors your position regarding ASIC's abilities to bring the perpetrators to account. He's confused and unsure and doesn't know where the real blame lies. He's just not looking good. He said he thought he had planned well, made the right call but still can't really believe where he's ended up.
I'm worried about him, I'm worried about his missus too. He's putting on a brave face but he's not walking tall as he did before. I've heard some sad and tragic stories linked to this event. I hope he's not travelling down the same path. I'm sure he's not for deep inside there's a fire that burns that fuels him to fight on to the end.
The challenge is truly with the regulator to dig deep and discover the root cause of this debacle. Maybe there is some hope of restitution, punishment and incarceration if it is proven that participants in this folly have acted in breach.
Let's see those with the power step up to the plate.
S
http://www.couriermail.com.au/busin...e-is-kept-secret/story-e6freqmx-1226024693626
Looks like it sold a couple of weeks ago before the auction......
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