{"id":14576,"date":"2018-10-15T18:04:04","date_gmt":"2018-10-15T05:04:04","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=14576"},"modified":"2018-10-15T18:04:04","modified_gmt":"2018-10-15T05:04:04","slug":"ponzi-property-sold-at-sanctuary-cove-but-delays-cut-price-by-1m","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/ponzi-property-sold-at-sanctuary-cove-but-delays-cut-price-by-1m\/","title":{"rendered":"Ponzi property sold at Sanctuary Cove but delays cut price by $1m"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a01019-1020 Edgecliff Drive, Sanctuary Cove<\/strong><\/p>\n<p>The fire sale of a\u00a0<a href=\"https:\/\/www.businessnewsaus.com.au\/articles\/sanctuary-cove-property-from-indian-ponzi-scheme-to-go-under-the-hammer-tomorrow.html\">Gold Coast property linked to an international Ponzi scandal<\/a>\u00a0was completed on Friday with the final bid of $3.9 million made by an existing Sanctuary Cove resident.<\/p>\n<p>The auction for the property on 1019-1020 Edgecliff Drive, Sanctuary Cove was the final sale in Queensland aimed at liquidating funds from Pearl Group and its affiliates, which misused monies raised from millions of Indian citizens several decades ago.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.businessnewsaus.com.au\/articles\/ponzi-property-sold-at-sanctuary-cove-but-delays-cut-price-by--1m.html\">BUSINESS NEWS AUS<\/a><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"DuJX5kpTQc\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/\">Advertising Rates<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAdvertising Rates\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/embed\/#?secret=xh6tkb8XY4#?secret=DuJX5kpTQc\" data-secret=\"DuJX5kpTQc\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a01019-1020 Edgecliff Drive, Sanctuary Cove The fire sale of<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/ponzi-property-sold-at-sanctuary-cove-but-delays-cut-price-by-1m\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":14577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478101408,478098730,478098512,478098521,478098519,478098535,478101410,478101411,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478101409],"class_list":["entry","author-wpcomsupport","post-14576","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-1019-1020-edgecliff-drive","tag-auctions","tag-australia","tag-australians","tag-home-ownership","tag-house-prices","tag-pearl-group","tag-ponzi-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sanctuary-cove"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ponzi property sold at Sanctuary Cove but delays cut price by $1m - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/ponzi-property-sold-at-sanctuary-cove-but-delays-cut-price-by-1m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ponzi property sold at Sanctuary Cove but delays cut price by $1m - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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