Australia Gold Coast Property Scam Quiz
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Questions and Answers

What was the common mistake made by the victims of the scam?

  • They were too greedy
  • They were too trusting (correct)
  • They were desperate for housing
  • They were uninformed

How much money did the scammers pocket from the scam?

  • Billions of dollars
  • Hundreds of millions of dollars (correct)
  • Thousands of dollars
  • A few million dollars

Who is Vic Ollis as described in the script?

  • An investment banker
  • A financial advisor
  • A real estate agent
  • A convicted felon (correct)

What is the role of Vic Ollis's offsider in the scam?

<p>Rounds up the prey (B)</p> Signup and view all the answers

What was the original name for the scam mentioned in the text?

<p>Gold rush marketing (C)</p> Signup and view all the answers

How many major companies were engaged in two-tier marketing on the Gold Coast?

<p>Over 50 (B)</p> Signup and view all the answers

What did one marketeer add to the price of each property sold?

<p>At least $30,000 (D)</p> Signup and view all the answers

What is the first step of the scam as described in the text?

<p>A free plane trip to view investments (D)</p> Signup and view all the answers

Did Bev Chisholm's bank conduct a valuation on the investment property?

<p>No, but they lent the money anyway (D)</p> Signup and view all the answers

How much did the Chisholms borrow for a property worth less than forty thousand dollars?

<p>$91,000 (A)</p> Signup and view all the answers

What did Neil Jenman do before working to expose real estate scams?

<p>He sold real estate (A)</p> Signup and view all the answers

What did John Simon, founder of Aussie Home Loans, advise against?

<p>Attending real estate seminars (D)</p> Signup and view all the answers

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