Hey, nice planet - I think we'll buy it

property/

19 August 1999
| By Anonymous (not verified) |

Investors sick of the same old, same old from desperate Gold Coast property developers with white shoes should take heart with an inno-vative scheme.

Investors sick of the same old, same old from desperate Gold Coast property developers with white shoes should take heart with an inno-vative scheme.

Select investors have been offered the opportunity to snap up their own bit of paradise for prices which are literally out of this world. Yes for 10 measly bucks, punters can pick up their own pocket of planet Mars.

Surely, this is an opportunity to get in on the ground floor. Okay, no-one (bar Arnold Schwarzenegger) has visited our red neighbour, it must only be a matter of time before interplanetry travel is as com-mon as a stroll to the corner shops. Think of the resort potential - balmy one day....

The investment scheme, picked up through ASIC's new Gull Award scheme, is distributed by email and offers cash-only land packages of between 100 and 10,000 hectares on Mars. For as little as $10, the Mars Land Authority, based in Dandenong, Victoria will send you a deed certificate outlining the lot boundaries which could include the picturesque Mountain View region or the less attractive Polar region.

A Sydney man, Mike Miller, blew the golden opportunity by reporting the scheme to the investment cops who are making noises about closing it down. Amazing what some people will do for a $50 cheque from ASIC.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 days 18 hours ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

4 days 21 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3