mis advisers pocketed 10pc, page-3

We can all rant and rave but what I find is that we dont do anything.

The MIS rort was an event just waiting for a place to happen. You cannot go into small rural towns and just buy up everything and not expect to overpay. If you ran a straight google search on MIS it popped up websites saying they would refund up to 8% of the investment. They were just looking to collar 2% of your investment. I wonder how many of these investors reduced their investment by the 8% or included the 8% back into income.

When something is too good to be true it is too good to be true.

The reality is that ASIC is like a lazy sheriff they go after the fallen and then want to hang them up. The real issue is why ASIC hadnt looked at any of these companies early and how come none of the directors have been prosecuted. I think we should be demanding of our federal reps that all these efficient oversight bodies actually start doing what they are paid to do get to oversight and start getting to grips with dodgy schemes.

It seems that we are prepared to be fleeced again and again.

I only have an interest in TODHA. No investment in schemes as I couldnt see how they could make money after someone sucked 10%