Territory Stories

The Northern Territory news Sat 29 Jul 2017

Details:

Title

The Northern Territory news Sat 29 Jul 2017

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2017-07-29

Description

This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Community newspapers; Australian newspapers

Publisher name

News Corp Australia

Place of publication

Darwin

File type

application/pdf

Use

Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/272272

Citation address

https://hdl.handle.net/10070/430758

Page content

04 NEWS SATURDAY JULY 29 2017 NTNE01Z01MA - V1 ADF HOUSING Darwin link in investment saga ELLEN WHINNETT and JOHN ROLFE EXCLUSIVE AUSSIE war heroes who fought on the front line in the Middle East say they face losing their life savings after some were convinced by a smoothtalking ex-military man to invest in property deals that went sour. Former Royal Australian Navy diver Hugh Ochremienko, now a Gold Coast-based property spruiker who was once investigated for but cleared of giving unlicensed financial advice, persuaded soldiers to pour their danger and deployment money into what are now underperforming property developments, mainly in Darwin. Mr Ochremienko denied his clients had lost money, with the impact of a citywide decline in pri ces and general delays in receiving government subsidies offset by tax benefits built into the deals. Up to 200 soldiers and officers sunk their savings or in a handful of cases, superannuation into the deals, with some saying Mr Ochremienko promised to double their wealth in five years. Several current and former members of the Special Air Service Regiment (SASR) have told the NT News they are deep in the red on recommendations by Mr Ochremienko, made worse they say because he traded on his military service to gain their confidence. One former SASR member said he was down $80,000, which was all the deployment money, eight months of my life in Afghanistan. Another former SAS member who estimated his losses at $160,000, said: He played on the trust and culture we have in the army. Thats been the hardest pill to swallow. Mr Ochremienkos company sponsored military events and advertised in the Army magazine as he got to The Zest Apartments on Gardiner St in the CBD where several soldiers have bought property ADF soldiers claim they have lost life savings after financial advice from fellow veteran Barneson Boulevard Final concept for Barneson Boulevard and Tiger Brennan Drive RoadReportNT NT.DIPL Image of Tiger Brennan and Barneson Boulevard split Image of Barneson Boulevard beside Frog Hollow ParkImage of Barneson Boulevard beside Frog Hollow Park Image of Tiger Brennan and Barneson Boulevard split Public art opportunity 12 76 LM