Jamie McIntyre at a Senate hearing into land banking schemes. Photo: Wayne Taylor
A failed land banking company linked to property spruiker Jamie McIntyre will be placed into liquidation amid concerns about $25.5 million of investors’ funds.
Midland Hwy Pty Ltd was behind a Bendigo land banking project called Hermitage, spruiked by Mr McIntyre’s controversial 21st Century business, that collapsed in July leaving tens of millions unaccounted for.
A report into the collapse by administrators PPB Advisory found that more than $24 million was siphoned off from the company through inflated commissions, “shadow di…
Read the full article at: http://www.smh.com.au/business/property/failed-land-banking-company-midland-hwy-linked-to-property-spruiker-jame-mcintyre-goes-into-liquidation-20151203-glev0j.html