- Report: #1075936
Report - Rebuttal - Arbitrate
Complaint Review: Custodian lands John Fitzgerald
Custodian lands John FitzgeraldToogoolawa, Other Australia
Custodian lands John Fitzgerald JLF, Custodian WealthBuilders, Custodian Lands, Custodian Income Riskier than expected, money being lost to their other businesses Toogoolawa Queensland
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The Custodian lands syndicates are a project of John L Fitzgerald, a property wheeler and dealer that has made money for his Coampnay JLF in the 90's.
He established new Companies that had bought parcels of Land Custodian Lands and invited investors to invest in the Land project to develop and sell the Lands to the public to build a house and Land, all very typical.
However the perfoamnace of these syndicates are yet to show any profit to the investors and now the investors are being told they may not even get their capital back, whilst not an illeagal scam the payments from the syndicates to the JLF company are indicating that there is only one winner and hundreds of losers in these deals.
It equates to approx $46Million AUD in investors funds, both loss on the Capital and the time opportunity loss of the money invested.
Investors need to be aware that the risks they are taking are perhaps higher than the prospectuses have indicated.
This report was posted on Ripoff Report on 08/14/2013 07:42 PM and is a permanent record located here: http://www.ripoffreport.com/r/Custodian-lands-John-Fitzgerald/Toogoolawa-Other/Custodian-lands-John-Fitzgerald-JLF-Custodian-WealthBuilders-Custodian-Lands-Custodian-1075936. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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