Reality TV plan to repay $190m to investors
The architect of an alleged Ponzi scheme based on property in the Pilbara is planning a “FIFO wants a wife” reality TV show to help repay investors the $190 million they trusted her with.
Macro Realty Developments boss Veronica Macpherson says allegations that she has bilked investors, made by the corporate watchdog in the Federal Court, are the result of an “unfulfilled blackmail threat and disgruntled former employee”.
She is alleged to have collected up to $190 million from investors but made interest payments from cash collected from new rounds of investors rather than from profits made from developing and selling properties as promised.
In a Macro Realty update on Saturday, Ms Macpherson told investors she was still working to make good on promises to return their cash from the sale of Pilbara properties.
The centrepiece of the update is a bizarre plan to make cash to fund her business activities, including the development of a hedge fund to invest in Pilbara properties by filming a reality TV show to help dateless and desperate fly-in, fly-out workers in Pilbara mines.