Currabubula Station at centre of Chinese ponzi scheme, corruption scandal
by Jamieson Murphy
One of Australia s oldest cattle farms has found itself in the middle of a Chinese ponzi scheme and a political corruption scandal.
Currabubula Station, 30km south-west of Tamworth NSW, was used by Chinese-owned company United World Enterprises to lure retirees into investing up to $46 million for fake agritourism and aged-care village schemes, an explosive ABC report has revealed.
Disgraced former NSW MP Darryl Maguire sold his services to UWE to lend credibility to the dodgy business, which landed him at the centre of a corruption investigation. However, there is no evidence Mr Maguire was aware UWE was operating a ponzi scheme.
farmlandgrab.org | Currabubula Station at centre of Chinese ponzi scheme, corruption scandal farmlandgrab.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmlandgrab.org Daily Mail and Mail on Sunday newspapers.