Complaint Review: Global1 Training Pty Ltd

a while back now, a relative was planning to invest in property options after going to a seminar with personal development guru john demartini. our family was concerned and it sounded like a suspect deal, so i decided to look into it. heres what i found out:

a seminar company called global1 training runs events with john demartini as the drawcard. then a guy called rowan burn from market first group comes on after him and sells a membership for people to invest in property options. these give you the chance to buy a block of land in 5 or 10 years time. today its only an empty field with the promise that it will be developed and subdivided in the future. that alone is enough to show these are high risk investments, but its just the start.

the property options come from former spruiker henry kaye. the seminars and rowan burn are just a front for selling his property deals. another company called 21st century property, run by jamie mcintyre, has been doing the exact same thing and was exposed in the media:

http://www.theage.com.au/business/property/buyers-beware-options-on-paddocks-20131008-2v6ae.html http://www.smh.com.au/business/shadow-brokering-grey-area-the-regulator-struggles-to-control-20110812-1iqzy.html

there has been no major media coverage of henry kayes involvement with global1 seminars and john demartini yet, but its quite well known to industry insiders, so its just a matter of time before it goes public.

the same henry kaye-controlled company supplies property options to both 21st century property and global1/market first group. henry kayes sister, julia feldman is the marketing and sales manager responsible for the land options.

ok so when i found out my relative was planning to invest in a property deal from henry kaye a freaked out a little bit. i got the sales contract and looked into the block of land that the options were on: it was in melton, western melbourne. there was already a glut of property for sale in that area, but this deal was even worse! the block was zoned industrial, not residential, with a prison on one side and a high voltage transmission line running through it. worst investment ever!

that was finally enough to convince my relative to cancel their purchase, thank god. they got their deposit back, and i guess word got around because a few other clients pulled out too.

a few months later, global1 took that project off the market and tried to pitch the all the clients on buying a different block of land, also in melbourne. my relative wasn't interested, but a lot of other clients went ahead and invested with them all the same. amazing!

anyway, global1/market first are still at it today so a lot of people could get badly burned by this. rowan burn is still speaking at events with john demartini and pitching these deals. i am surprised that demartini is willing to go along with this scheme, since its his reputation on the line - he has more to lose than anyone else.

be aware that henry kaye is still operating in the property investment industry, hes just working through front companies to keep his name out of it. any time you see an exotic looking property deal, check it out very carefully in case its one of his schemes, because the only person who will make money out of that sort of investment is him. and beware of the crowd that my relative also got roped in by.