I have pretty well kept this rather quite and is not a good thing what is happening within my family at the moment.
My Mother in law who has worked hard all her life with her partner in life over on the Yorke Penisula
They use to own a Hotel and also had a big farm on the yorke Penisula and some years ago they sold the pub as well as the farm as it was time for retirement
They invested there hard earned money with a bloke called James G. he is currently residing in the NT living a pretty nice lifestyle while the police will not arrest him , nor will anyone freeze his bank accounts , and is still spending money that doesn't belong to him
1 pizza shop owner only found out he was conned by this bloke when he got a huge tax bill and somehow this James G. has taken over the pizza shop in the NT.
Anyway Mother in law and her partner have lost a tidy 1. something million I do not know the exact figure but I know it is over a million dollars down the drain that they have lost, they cant claim Centrelink even though they have nothing to live on week by week, they are pretty fortunate the town they live in are helping them out in someway but they shouldn't have been put in this situation
James G. was not just there financial advisor but a close friend of theirs ... obviously not any more
So those in the NT and South Australia please becareful of this bloke and if you have invested your money in James G. investments , then ya could be instrife and the he used to work for the Madison Financial group who have stripped him of his financial licence as well now...
Please do me one favour guys if you have investments and using a financial controller to help you with your retirement please ask for regular statements
I would seriously hate to see anyone of you in the same circumstances that my family is going through
an Angry OZ