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Hey there, folks! Hold onto your seats because we've got a jaw-dropping financial tale that'll make your head spin! It's a story about trust, deception, and the shocking world of personal finance. 🤯
Meet the Players:
🕵️ John Gilmore - A financial advisor with a knack for making money disappear.
👩⚖️ Michelle Rose Gilmore - The wife who's in on the secret.
💼 Our Hero (the Victim) - Left high and dry, determined to seek justice!
The Devious Scheme:
Picture this: Our unsuspecting hero entrusted John Gilmore as their financial advisor. John sweet-talked them into selling her home to give him a personal and business loan that seemed like the opportunity of a lifetime. But, oh boy, things went south quicker than a kangaroo in a race!
The Plot Unfolds:
Gilmore offered a revision of the business loan agreement, knowing he would not be repaying the business loan (as the investment was not to vest until around 2021/2022). Verbally agreed to the revised terms and conditions of the business loan of 8% to be repaid in October 2018; if not repaid by this date, compounding interest would be incurred.
Gilmore had our hero hooked on a promise - a business loan at a mere 8% interest, set to be repaid by October 2018. It sounded like a dream deal until...
🧐 Mystery Investments: Gilmore dipped $200,000 from the business loan into a Match Property Development via his super fund. No one saw that curveball coming! 🤫 Shady Secrets: Our hero was in the dark about these investments, and Gilmore didn't spill the beans about it beforehand. What's he hiding? What happened to the $50,000.00? 📞 The Dreaded Call: In March 2018, Gilmore dropped the bombshell - all investments had crumbled due to a Western Australian economic downturn and a property market nosedive. Our hero was wiped clean, losing both SMSF funds and the $250,000 business loan. Gilmore had zero intention of paying it back! 😡
Questions, Questions, Questions:
If this wasn't a business loan, why all the cloak-and-dagger moves? Our hero raises some perplexing points:
🤔 Why stash the funds in a super fund?
🤷 Why couldn't our hero invest the full $250,000 and reap the benefits?
📝 Where's the paperwork, the receipts, the info?
💸 What was that mysterious $50,000 splurge on?
😟 Why was the interest rate a paltry 8% when the investment promised so much more?
🙅 Why did Gilmore dodge repaying the loan?
🕵️📉💼 Why did Gilmore advise in March 2018 all investments had crumbled when no investments had vested that,
The Burning Issue:
Our hero is convinced they're not the only ones Gilmore has led down this treacherous path. The big question: Will justice be served, or will Gilmore continue his financial shenanigans?
A Fair Offer Rejected:
Hold your horses; there's more! Our hero offered Gilmore a chance to make amends, but he turned his nose up at it. Why, oh why? Oh, the investment had not vested at the time but did show a substantial return on investment when it did vest.
Join the Conversation:
Let's not let others fall victim to this financial maze! Share this shocking story far and wide. 📣
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