Re­al­ity TV plan to re­pay $190m to in­vestors

Pilbara News - - News - Nick Evans

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.

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