12 Questions
What was the common mistake made by the victims of the scam?
They were too trusting
How much money did the scammers pocket from the scam?
Hundreds of millions of dollars
Who is Vic Ollis as described in the script?
A convicted felon
What is the role of Vic Ollis's offsider in the scam?
Rounds up the prey
What was the original name for the scam mentioned in the text?
Gold rush marketing
How many major companies were engaged in two-tier marketing on the Gold Coast?
Over 50
What did one marketeer add to the price of each property sold?
At least $30,000
What is the first step of the scam as described in the text?
A free plane trip to view investments
Did Bev Chisholm's bank conduct a valuation on the investment property?
No, but they lent the money anyway
How much did the Chisholms borrow for a property worth less than forty thousand dollars?
$91,000
What did Neil Jenman do before working to expose real estate scams?
He sold real estate
What did John Simon, founder of Aussie Home Loans, advise against?
Attending real estate seminars
Test your knowledge about the biggest property scam in Australia with this quiz. See how much you know about the Gold Coast development and the impact it had on Australians. Find out the common mistake made by the victims and more.
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