Alleged Multibillion Dollar Fraud by Pretend SDA Provider – Direct Investment Would Have Prevented This
LBA Capital is alleged to have defrauded JB Asset Management of $395m by pretending to be an NDIS SDA provider and having them invest directly into the company or into funds they were establishing.
With massive investment opportunities in the NDIS SDA property sector there is going to be some attractive scams devised.
With NDISP, our investors directly own the property and acquire the property through a conveyance by their own independent lawyer. This works the same way that a normal property purchase does. There is also nothing wrong with investing in managed funds or real estate trusts, it’s an established and secure form of investment in the majority of cases.