Candita Catelides from Catelides Investments Pty. Ltd. — Group Investment Scheme
A relative of mine bought into an investment scheme run by a South African woman named Candita Catelides. She claimed she had the ability to generate returns of over 200% per year by flipping properties in the Brisbane and Rockhampton area. Apparently she had a group of investors that would invest in apartments and home renovations and then split any capital gains after the property was sold.
She claimed she was a multi-millionaire capable of making millions of dollars a year. Unfortunately, after the 'buy-in' fee was paid, she claimed she no longer operated such an investment program and would not be able to generate any returns. Candita Catelides claimed that she couldn't deliver on anything she promised.
It is my opinion that Candita Catelides is simply a scammer that plays on people's greed and exploits their trust. Be very careful if you're approached by her. Do not subscribe to any of Candita Catelides' products or services.