| From Business Spectator: Collapsed Australian real estate development financier Hastings Capital sought out self-funded retirees as customers.
They took up the offer of relatively high returns and provided funding to developers such as Lou Tasich, who has since been implicated in allegedly corrupt behaviour at Wollongong City Council and has not repaid most of the money lent to him. Those who invested in Hastings through the debentures issued are unlikely to receive more than $A0.65 in the dollar..... Full Article: Source
|