Lambethlad Posted March 26, 2016 Share Posted March 26, 2016 http://www.msn.com/en-au/news/australia/queensland-tradie-has-dollar596m-in-bank-court-told/ar-BBqW9Xe?ocid=spartanntp With a cash balance of $596 million and a property portfolio of $1.56 billion it just shows that Oz is still the land of opportunity for hard-working tradies. Quote Link to comment Share on other sites More sharing options...
Que Sera Sera Posted March 26, 2016 Share Posted March 26, 2016 Breaking Bad???:jimlad: Quote Link to comment Share on other sites More sharing options...
calNgary Posted March 26, 2016 Share Posted March 26, 2016 So whats he in court for ? having a posh car or having money ?? I must admit it sounds a bit dodgy considering he didn't build the wealth over a period of time but he appeared to become wealthy in the last 12 mths.. Cal x Quote Link to comment Share on other sites More sharing options...
Rallyman Posted March 26, 2016 Share Posted March 26, 2016 Think he may be in the import business rather than construction and not colour TV's Quote Link to comment Share on other sites More sharing options...
JockinTas Posted March 26, 2016 Share Posted March 26, 2016 http://www.msn.com/en-au/news/australia/queensland-tradie-has-dollar596m-in-bank-court-told/ar-BBqW9Xe?ocid=spartanntpWith a cash balance of $596 million and a property portfolio of $1.56 billion it just shows that Oz is still the land of opportunity for hard-working tradies. Sounds very dodgy indeed! Quote Link to comment Share on other sites More sharing options...
Lambethlad Posted March 26, 2016 Author Share Posted March 26, 2016 I would like to know the full story. You would think that if he is clever enough to make that wealth if it was from doing something dodgy, would he then be stupid enough to just put it in the bank? Quote Link to comment Share on other sites More sharing options...
AJ Posted March 26, 2016 Share Posted March 26, 2016 I would like to know the full story. You would think that if he is clever enough to make that wealth if it was from doing something dodgy, would he then be stupid enough to just put it in the bank? It won't be his. Will be laundering it through his account for his druggie mates. Quote Link to comment Share on other sites More sharing options...
Parley Posted March 26, 2016 Share Posted March 26, 2016 I don't think drug dealers would have $2 Billon unless he was Pablo Escobar. Quote Link to comment Share on other sites More sharing options...
AJ Posted March 26, 2016 Share Posted March 26, 2016 I don't think drug dealers would have $2 Billon unless he was Pablo Escobar. I didnt mean the wee ned on the corner selling Eckies! Quote Link to comment Share on other sites More sharing options...
Sustain Posted March 26, 2016 Share Posted March 26, 2016 Despite his indifference to what the government authorities can or cant ask The ATO will be making investigations before taking a cut Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 26, 2016 Share Posted March 26, 2016 http://www.msn.com/en-au/news/australia/queensland-tradie-has-dollar596m-in-bank-court-told/ar-BBqW9Xe?ocid=spartanntpWith a cash balance of $596 million and a property portfolio of $1.56 billion it just shows that Oz is still the land of opportunity for hard-working tradies. Shows a land where rip off merchants, con artists and darn right criminals can apparently prosper. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 26, 2016 Share Posted March 26, 2016 I would like to know the full story. You would think that if he is clever enough to make that wealth if it was from doing something dodgy, would he then be stupid enough to just put it in the bank? He had an apparent property portfolio of some significance . He may well have more concealed away from preying eyes. The amount of cash would draw attention though. Probably not as clever as some like to ascertain. Having sheds loads does not in any way gauge intelligence. Just prioties perhaps. Quote Link to comment Share on other sites More sharing options...
Johndoe Posted March 26, 2016 Share Posted March 26, 2016 Shows a land where rip off merchants, con artists and darn right criminals can apparently prosper. Can't they anywhere? Good job he came along as no doubt you needed to polish your boots yet again Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 26, 2016 Share Posted March 26, 2016 Can't they anywhere? Good job he came along as no doubt you needed to polish your boots yet again Well some places have more checks and balances in place. Still a lot of 'feral' activity going on behind the scenes which is hardly anything new, just perhaps more acceptable in certain quarters. Quote Link to comment Share on other sites More sharing options...
Patphillips47 Posted March 26, 2016 Share Posted March 26, 2016 It won't be his. Will be laundering it through his account for his druggie mates. Well he is not very good at washing is he lol Maybe he is friendly with a bank teller who put a few too many $0000000 in his deposits Quote Link to comment Share on other sites More sharing options...
Lambethlad Posted March 26, 2016 Author Share Posted March 26, 2016 We shouldn't rush to judgement too soon. Look at mega-rich David Walsh who built and finances MONA - everyone thought he must be dodgy. Turns out he is a legit eccentric aspergers maths wiz turned genius gambler. When he gets a bit short on lolly he just goes out and wins a lazy $16 million like he did on the Melbourne Cup. Just saying, there could be a perfectly innocent explanation for this tradies good fortune. Quote Link to comment Share on other sites More sharing options...
Parley Posted March 26, 2016 Share Posted March 26, 2016 We shouldn't rush to judgement too soon. Look at mega-rich David Walsh who built and finances MONA - everyone thought he must be dodgy. Turns out he is a legit eccentric aspergers maths wiz turned genius gambler. When he gets a bit short on lolly he just goes out and wins a lazy $16 million like he did on the Melbourne Cup. Just saying, there could be a perfectly innocent explanation for this tradies good fortune. If you believe that I have a bridge I can sell you. Quote Link to comment Share on other sites More sharing options...
Skani Posted March 26, 2016 Share Posted March 26, 2016 We shouldn't rush to judgement too soon. Look at mega-rich David Walsh who built and finances MONA - everyone thought he must be dodgy. The difference is that David Walsh has been accumulating his money for 30+ - probably closer to 40 - years....and it was well known (to those who were interested) how he was doing it. That's very different from magically "appearing" in the possession of a tradie over a 1 year period. Quote Link to comment Share on other sites More sharing options...
Lambethlad Posted March 26, 2016 Author Share Posted March 26, 2016 http://www.abc.net.au/news/2016-03-26/sunshine-coast-billionaire-granted-bail-drugs-property-offences/7277636 He got bail. Lawyer confirms his wealth. Quote Link to comment Share on other sites More sharing options...
Lambethlad Posted March 26, 2016 Author Share Posted March 26, 2016 If you believe that I have a bridge I can sell you. I'm starting to believe he is legit. At his bail hearing he said: "How would I make billions in drugs without being caught? My investments, my ideas in cars, apps, trade, I sold them overseas, have been for years." We should all be ashamed of ourselves for having such suspicious minds. Quote Link to comment Share on other sites More sharing options...
JockinTas Posted March 26, 2016 Share Posted March 26, 2016 I'm starting to believe he is legit. At his bail hearing he said: "How would I make billions in drugs without being caught? My investments, my ideas in cars, apps, trade, I sold them overseas, have been for years." We should all be ashamed of ourselves for having such suspicious minds. Sorry but I'm still very suspicious. The ATO will be investigating him after all this news coverage. Quote Link to comment Share on other sites More sharing options...
Skani Posted March 26, 2016 Share Posted March 26, 2016 I'm starting to believe he is legit. At his bail hearing he said: "How would I make billions in drugs without being caught? My investments, my ideas in cars, apps, trade, I sold them overseas, have been for years." But this contradicts the original story ".....his significant net wealth, which he'd apparently only come into in the past 12 months." Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 27, 2016 Share Posted March 27, 2016 I'm starting to believe he is legit. At his bail hearing he said: "How would I make billions in drugs without being caught? My investments, my ideas in cars, apps, trade, I sold them overseas, have been for years." We should all be ashamed of ourselves for having such suspicious minds. He will then be able to account then for his earnings through normal channels. Hardly something to be ashamed of questioning such accumulation of wealth being well beyond the regular Joe, even with investment know how. Quote Link to comment Share on other sites More sharing options...
calNgary Posted March 27, 2016 Share Posted March 27, 2016 If he has earned it legit via the above mentioned ways (cars, apps, etc) his banking history should show a progression and his balance growing over time. Which if the case, isnt an issue IMO and kudos to him,, but at the end of the day we only know what the media are saying and we all know that's not always factually correct,lol. Cal x Quote Link to comment Share on other sites More sharing options...
Rallyman Posted March 27, 2016 Share Posted March 27, 2016 I know one thing for certain he has not made the money being a carpenter or bricklayer as its making him out to be. Good luck to him if it's a legitimate income but if not he deserves the full wait of the law to be applied. I remember a very well known builder from north wales being caught out when he submitted his tax return a declared income of around 50k , but with a house valued at over 2 million, Bentley cars ,boats and a very lavish life style but could not account for where money had come from ,currently on holiday at her majasty pleasure with all assets and cash sezied for drug dealing ,turns out police had him under surveillance for sometime. Quote Link to comment Share on other sites More sharing options...
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