Wife wanted to go get a $2,000 watch.
I don't usually get her anything so I thought yeah I will get her something special this Valentines. Drove to the CBD and saw a long queue outside Hermes, LV, Chanel. My wife told me there was a even longer queue outside Rolex. And my wife told me the purse and bags etc would easily cost $5k and above.
I thought everyone would be cutting back on expenses given the uncertainty but where are all these people getting money to spend on discretionary luxury goods? Not saying it is bad but where do these people do to be able to afford such luxurious lifestyle. To put it in perspective, I wear a Hush Puppies t-shirt (was a gift) and a brand-less short pants, I have been using iPhone 8 with shattered screen for 1.5yrs now. Been living frugally since entering workforce and I still feel I am very poor. When I step outside my home, my personal belongings on me might be worth $100-$200 max.
Any idea anyone?
here that's how you wear designer clothes and drive brand new European cars:
Not a genuine document found in missing XX’s affairs, liquidators say
After reviewing thousands of pages of financial documents, provisional liquidators have not identified a single genuine document that missing businesswoman XX provided to her investors.
The 49-year-old vanished in mid-November, hours after the Federal Police raided her Dover Heights home on behalf of the corporate watchdog, ASIC. Court documents have since revealed Ms XX allegedly misappropriated millions of dollars from her clients.
Ms XX passed herself off as a financial adviser with neither her nor her company MXX holding an AFS licence. It is a criminal offence attracting a two-year jail term and/or a $22,000 fine to conduct a financial services business without a licence.
Upon receiving investors’ funds she then created false bank and Commsec documents to mislead investors into thinking she had invested in shares on their behalf.
“There are hundreds of false bank statements, share contracts and share trading statements,” said Mr Gleeson in a media statement. He also said that the provisional liquidators “have not identified any circumstances” in which any of the CommSec accounts she provided to her clients “have been found to be true.”
The Commonwealth Bank and CommSec have confirmed that the accounts or reference numbers do not exist, said Mr Gleeson.
“Our view therefore is that the documents have been falsified, so as to mislead investors and give Ms XX and the Company financial benefits,” he said.
Ms XX’s own Self Managed Super Fund (SMSF) revealed “fictitious portfolio statements, contract notes and bank statements so as to inflate the value of assets in her SMSF,” Mr Gleeson said.
The husband and son of alleged fraudster XX face an uncertain financial future, with a Federal Court hearing that the pair will no longer receive any living expenses.
It is understood Ms XX’s husband AKXX has already had his $300,000 Audi repossessed.
Ms XX, who was an unlicensed financial adviser, vanished in mid-November last year after the corporate watchdog ASIC first froze her accounts and then seized almost a million dollars worth of luxury goods and jewellery.
and this has been going on for years! makes you wonder who you saw who appeared well off is actually a criminal. ( clue: most are)
And all that for what?
just so Ms XX and unemplyed husband AKXX can live in a penthouse, drive a $300,000 Audi and dress in Christian Dior every day.
Now isn't it better to wear giodano, rent and take the bus?
Absolutely not.
Better to be up to your tits in fraud and criminality than to be renting taking buses and wear cheap clothes.
At least you get to show off and pretend you are rich like most people, then jail time is worth it, that's why we see so many show offs.( most , if not all have empty wallets and savings) It's a matter of time before Justice will be served.
What was she thinking? poor person pretending to be rich ( actually like most people )