Receiver finds little of $226M invested with Victoria mortgage broker
The receiver has been digging for a month to find out what happened to about $226 million that investors sank into Greg Martel’s company.
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The receiver has been digging for a month to find out what happened to about $226 million that investors sank into Greg Martel’s company.
Devin Hutchinson was shocked to receive a demand for payment for loans he never received from a man and company he never did business with.
Greg Martel and his company Shop Your Own Mortgage are facing civil claims and court proceedings aimed at untangling the mystery of almost a quarter billion dollars in missing investor funds.
Greg Martel claims to be having trouble with passwords needed to access some of the information demanded of him by May 26, according to lawyer Ritchie Clark.
Victoria mortgage broker Greg Martel owes investors $226 million, but his whereabouts are unknown, and he is not co-operating with court orders.