Whistle-Blowing On Insider Trading In The Real Estate Industry?

Posted on May 3, 2007 by | 0 Comments

by Tim O’Dwyer Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au

Below is part of an anonymous letter I received by fax this month:

Recently I watched one of the current affair programs, and on it the big boss of [MAJOR REAL ESTATE FRANCHISE GROUP] was talking about a principal asked to leave the group because he was selling properties cheap to his relatives. The group did not tolerate such behaviour… Ha Ha they don’t tolerate it when it becomes public…

…They accepted the payment and agreed not to contact you again. We were told to keep quiet about everything…

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