From Mum 2 Millionaire

[Ted]

Last nights Waikato Times has an add from a Denise Alenaddaf promoting her system for property investing, Thanks to Google this is what I have found .

Enjoy,

Ted

BEHIND THE MILLIONAIRE MUM
The way of the travelling spruiking family.


by Neil Jenman

‘From Mum to Millionaire,’ said the headline in the Cairns Post on Saturday January 8, 2005. It’s the same headline of an almost identical advertisement seen in several newspapers in the past year or so.

Beneath the headline, there’s a photograph of a pleasant looking woman cuddling a puzzled looking toddler.

“Hi, I’m Denise Alen, mother of two and a self-made multi-millionaire who has achieved financial freedom through real estate.”

Denise claims to have developed a real estate system that creates incredible profits. According to the advertisement, she made $73,000 in just two days. That’s more than $13 million a year. In her 22-year investing career, that’s a staggering $93.984 million.

Denise Alen says that if you attend her seminar (for a mere $197), “you can make squillions”.

Now, why would this multi-millionaire want to share her secrets for such a low price? Well, here’s the official reason.

“As a mother, I believe in giving you this opportunity to learn and duplicate this system, to achieve the lifestyle of your dreams.”

Ain’t this beautiful? A millionaire mum, babe in arms, eager to share her wealth secrets with you.

Before you start getting all misty-eyed, it might be worth knowing more about this ‘Millionaire Mum’.

Denise Alen is also known as Denise Alenaddaf. Her husband was formerly known as Hamid Alenaddaf. He changed his name to Jack Weavers.

Jack Weavers operated Oneworld Seminars Pty Ltd which operated the entity that fronts the ‘Millionaire Mum’ seminar.

In October 2004, the Australian Securities and Investments Commission (ASIC) obtained orders in the Supreme Court against Weavers. In December 2004, the Court declared that Weavers had engaged in misleading and deceptive conduct as well as operating an illegal scheme.

Denise Alen (Denise Alenaddaf) and Jack Weavers (Hamid Alenaddaf) have operated for many years in the state which is almost a safe-haven for spruikers – Queensland.

Prior to the ASIC action, the Alenaddaf family had taken the ‘Millionaire Mum’ seminar to NSW and Western Australia. The NSW authorities followed the lead of Queensland; they did nothing.

But not so in Western Australia where the Department of Consumer Protection released a statement headed, ‘Millionaire mum seminar outed’.

Patrick Walker, the Commissioner for Consumer Protection said, “Bold claims such as ‘from mum to millionaire' will always attract our interest.” Good for him.

The Consumer Protection Department had asked for proof about a success story featured in the Millionaire Mum advertisement in which a couple had claimed to have made $3 million in eight months. With no proof available – and things getting hot in the west – the family left the state.

Now that it’s a new year and they are safely back home in Queensland, the Alen/Weavers/Alenaddaf spruiking family has made some slight changes to their latest ‘Millionaire Mum’ advertisement.

Instead of the mystery couple with the $3 million profit, they are now featuring a young man. “How a 21-year-old got $1.5 million worth of property in under one year!!!”

He’s a nice looking chap but the advertisement only gives his first name. Dan.

Dan who?

Daniel Saba Alenaddaf, son of Hamid Alenaddaf, that’s who.

The man answering the seminar phone yesterday was Dan himself who admitted that he was the step-son of the ‘Millionaire Mum’ and that he is the person featured in the advertisement. When asked if he worked for the seminar company, Dan said, “Well, I help them out sometimes.”

What a good lad. Ready to lend a face when mum and dad need a success story for their seminar advertisements.

Yep, that’s the family way.



http://www.jenman.com.au/NewsNews1.php?id=316

And from Somersoft

http://www.somersoft.com/forums/showthread.php?t=17043

[Dean@Massiveaction]

It's sad isn't it that when you can genuinely make good money out of real estate that you have to be so careful about people claiming to do it. I've been watching the programme "Ugly Aussies" and every second scam is either a developer or a landlord. Gives us genuine ones a bad name and it's so unnecessary when you can do it for real!!

[donna]

Jack Weavers - alive and well and operating in NZ!

He is a Director of Lifestyle Events Ltd and presented at seminar on 18 June - 'Millionaire Mum' in Tauranga.

Maybe he's been booted out of Australia and now NZ is his soft target!

Cheers,

Donna

[Ted]

Isnt Google a wonderful tool.......................

Eye spy with my little eye something begining with..................B!

HI JACK, YOU’RE BUSTED
The tangled web around Jack Weavers.


UPDATE: January 10, 2005. In the article below, we said, "like most spruikers, Jack will probably be back – reinventing himself in another guise." Our prediction seems to have come true - and sooner than expected. In Saturday's Cairns Post, there is an advertisement for another "millionaire" seminar which is scheduled for January 29. Yes, Jack's back.


***************************

Around 200 years ago, the Scottish novelist, Sir Walter Scott, penned those immortal words on deception, “Ah, what a tangled web we weave when first we practice to deceive.”

Although Scott didn’t achieve much financial success, he was canny enough to avoid get-rich spruikers. Had he been alive today, Sir Walter Scott would have been a prime target for a weaver of deceit who goes by the name of Jack.

Jack Weavers – who used to be known as Hamid Alenaddaf – has been making some of the worst (or best, depending on which way you look at it) get-rich claims ever seen in this country. Claims so bold they’d probably match those of the now defunct Henry Kaye.

Try this one for size – “How to have the best of SEX, PROPERTY & SHARES…. “Satisfaction Guaranteed!!” Yes, that was a well-known Jack Weavers headline.

Even Henry Kaye, as charming as some people found him, never promised to increase their sexual prowess. Henry had limits.

There have been no limits to the promises of Jack Weavers. Be it sex, real estate, shares or any scheme likely to entice consumers through deceptive claims, spruiker Jack has been making them, with complete impunity.

Try another one – “Learn how to buy properties that generate profits of 750% to 8,900% per annum, that’s right!”

You’d have to wonder why Jack would share such a secret, never mind boasting about such a great return. Obviously, Jack has been doing what all (yes, all) the get-rich quackers have been doing (and are still doing) – making false and misleading claims. Weaving a web of deceit.

But there’s something different about Jack Weavers compared with Henry Kaye (and scores of other deceivers). The difference is that Jack has been making his get-rich claims for almost fifteen years. Get-rich spruikers have an average life span little longer than a moth.

So, why has Jack lasted so long?

Because Jack is based in Queensland. And not just Queensland, but at the Gold Coast where it is acknowledged (even by a senior government advisor) that “there are more crooks on the Gold Coast than anywhere else in Australia.” It’s well-known, in the spruiking world, that if you want to be a corporate deceiver the safest place is Queensland. The state even has a slogan to suit spruikers – “Where else but Queensland.”

Although Jack infers that his company (Oneworld Seminars International) is some sort of global conglomerate – with offices in Australia, Hong Kong, Singapore, USA and New Zealand, he appears to have confined his activities largely to Queensland. His turf seems to have been from the Gold Coast to Cairns.

But finally, Jack’s luck seems to have run out.

In July this year, Jack Weavers stuck his nose out of Queensland. He placed his deceptive advertisements in West Australian newspapers where the Department of Consumer Protection has what it calls a “daily media monitoring program” (pay attention Queensland regulators).

The minute the sharp-eyed eagles in the west saw Jack’s ads he was busted – big time. In lay terms, he was run out of the state. He went back to Queensland – a lot safer for him.

But then, in October, the federal regulatory body, the Australian Securities and Investments Commission (ASIC) obtained court orders restraining Jack Weavers from certain conduct in relation to his seminars.

Although Jack Weavers said he had never had a complaint from a consumer, ASIC took action based on complaints from consumers. (Perhaps the consumers didn’t tell Jack that they weren’t happy with him – yes, that must’ve been what happened).

Jack had been telling investors that they could make “profits of 250% in less than 4 months” from the share market. And Jack does not hold an Australian Financial Services License.

Last week, the Supreme Court of Queensland declared that Jack Weavers “had engaged in misleading and deceptive conduct” and he “had operated an illegal managed investment scheme”.

Today, Queensland Jack and his Oneworld International web site has disappeared – and so have his seminars. Thanks to the state regulators in Western Australia and the federal regulator, ASIC.

But, like most spruikers, Jack will probably be back – reinventing himself in another guise.

Meanwhile, ASIC is warning consumers to check that investment spruikers are licensed. The inference being, of course, that if investors deal with licensed financial spruikers they will be safe.

Surveys conducted since the mid-nineties reveal that more than fifty per cent of financial advisers can’t be trusted.

Sir Walter Scott was right. It’s a tangled web of deceit out there with thousands of dodgy spruikers and advisers all chasing the billions of dollars from millions of financially worried consumers.

Jack Weavers might be busted, but thousands more consumers are going to go bust unless our governments start to take swift action to enforce existing laws.

Not only is it time to start acting against corporate deceivers, it’s time to start locking them up.

http://www.jenman.com.au/NewsArticles1.php?id=125

[RonHoyFong]

Last nights Waikato Times has an add from a Denise Alenaddaf promoting her system for property investing, Thanks to Google this is what I have found .

Thanks Ted for bringing this to Property Talk forumites attention.

Its a bit of a worry when these blokes get restained by the Aussie Courts in their home patch then 6 months later cross the strait to Kiwi-Land and pop up over here doing the same thing.

Cheers Ron

PROPERTY INVESTORS BEWARE

In October 2004, the federal regulatory body, the Australian Securities and Investments Commission (ASIC) obtained court orders restraining Jack Weavers from certain conduct in relation to his seminars.


The following individuals are currently operating in NZ and should be avoided at all costs:
Jack Weavers / Dan Alenaddaf / Denise Alenaddaf / From Mum to Millionaire Seminars / Lifestyle Events Limited, NZ Co Number:1561271

They are running ads titled: From Mum to Millionaire.

The person in the ad is: Denise Alenaddaf
The person who actually fronts the seminar is: Jack Weavers (her husband)
The person who gives the testimonial in the ad is: none other than Jacks son, Dan Alenaddaf

The Australian Securities and Investment Commission has taken the following action preventing Jack Weavers from operating in Australia, now he is here in NZ. Avoid this family at all costs. The following information speaks for itself.

04-344 Gold Coast wealth creation seminar promoter to cease ILLEGAL OPERATIONS

Friday 22 October 2004

The Australian Securities and Investments Commission has obtained orders in the Supreme Court of Queensland against Mr Jack C. Weavers, the promoter of a wealth creation seminar, and his company Oneworld Seminars Pty Ltd (Oneworld).

The orders, which were made by consent, prohibit Mr Weavers, formerly known as Hamid Alenaddaf, and his associates from providing financial advice in contravention of the Corporations Act to members of the public, including Oneworld's introductory sessions, three-day seminars, Graduate Program and Mentoring Programs.

The Court also made orders prohibiting Mr Weavers' operation of specialised courses involving foreign currency trading, share trading and luxury car financing.

The Court made further orders preventing Mr Weavers from promoting or operating managed investment schemes, such as Investment Clubs, where members of the public were encouraged to contribute money to Mr Weavers in order for him to trade on the share market.

ASIC commenced an investigation into the conduct of Mr Weavers following complaints from the public.

ASIC is concerned that Mr Weavers and Oneworld are providing financial advice without holding an Australian financial services licence, and operating managed investment schemes, without registering them, as required under the law.

'If people are interested in attending wealth creation seminars, ASIC believes it is usually safer and far better value to attend seminars run by reputable organisations and licensed financial services businesses', ASIC Executive Director of Consumer Protection and International, Mr Greg Tanzer, said.

'ASIC will act to restrain the activities of anybody who is not appropriately licensed and competent to provide financial advice', Mr Tanzer said.

The matter returns to Court on for 6 December 2004 for further directions.

Background
Mr Weavers controls an extensive, nation-wide wealth creation business based on the Gold Coast. The business consists of the promotion and sale of financial seminars for members of the public that run for up to three days. Topics covered include money-making strategies in areas such as share trading, foreign currency trading and the financing of luxury cars.

The seminars are held in various locations throughout Australia, including the Gold Coast, Sunshine Coast, Cairns and Perth.

The seminar operators provided ongoing guidance and networking opportunities, for a fee, in the form of a Graduate Program and a Mentoring Program. Upon completion of the programs, participants were allowed entry into certain investment clubs and joint ventures organised by Mr Weavers, as well as entry to the Oneworld Seminars website.

End of release

Gold Coast wealth creation seminars STOPPED

Monday, 25 Oct 2004 10:34AM

The Supreme Court of Queensland has prohibited Jack Weavers and his company Oneworld Seminars (Oneworld) from rendering financial advice after finding he and his organisation were providing financial advice without holding an Australian financial services licence, and were operating managed investment schemes without registering them as is lawfully required.

Under the court orders Oneworld and Mr Weavers, formerly known as Hamid Alenaddaf, can no longer conduct courses regarding foreign currency trading, share trading and luxury car financing.

Mr Weavers has also been banned from promoting or operating managed investment schemes where members of the public are encouraged to give him money to allow him to trade on the share market.

ASIC executive director of consumer protection and international Greg Tanzer advised “if people are interested in attending wealth creation seminars, ASIC believes it is usually safer and far better to attend seminars run by reputable organisations and licensed financial services businesses.”

04-399 ASIC ACTS AGAINST Gold Coast promoter of wealth creation seminars

Thursday 9 December 2004

The Australian Securities and Investments Commission has obtained declarations in the Supreme Court of Queensland against Mr Jack Weavers and his company, Oneworld Seminars Pty Ltd, the promoters of a wealth creation business based on the Gold Coast.
The Court made declarations that in promoting the seminars and associated investment schemes, Mr Weavers, formerly known as Hamid Alenaddaf, had provided financial advice without holding an Australian Financial Services licence, and had operated an illegal managed investment scheme.

The Court also declared that Mr Weavers had engaged in misleading and deceptive conduct by publishing material on the Oneworld Seminars website, which stated that his investment scheme complied with the law. The declarations follow orders, obtained by consent on 19 October 2004, which restrained Mr Weavers from certain conduct relating to the promotion and operation of the seminars.

'ASIC will act against any promoters of wealth creation seminars that provide financial advice without a licence, or illegally operate investment schemes', ASIC Executive Director of Enforcement, Ms Jan Redfern said.

'We urge consumers to make independent checks before accepting investment advice, especially if the promoters make statements that their products and services comply with the law. You can visit the ASIC website to quickly check whether a person is licensed at asic.gov.au, Ms Redfern said.

Background
Mr Weavers, controlled an extensive nation-wide wealth creation business, involving the promotion and sale of financial seminars for members of the public that run for up to three days. Topics covered include money-making strategies in areas such as share trading, foreign currency trading and the financing of luxury cars.

The seminars are held in various locations throughout Australia, including the Gold Coast, Sunshine Coast, Cairns and Perth.

For a fee, ongoing guidance and networking opportunities were then provided in the form of a Graduate Program and a Mentoring Program. Completion of the Programs allowed entry into certain investment clubs and joint ventures organised by Mr Weavers, as well as entry to the Oneworld Seminars web site.

ASIC commenced an investigation into the seminar program, as well as various investment clubs established by Mr Weavers, after receiving complaints from people who had attended the seminars and members of the public.

End of release

[essence]

Should we "tip-off" the TV stations? Not every investor is smart enough to know about this web-site.

[muppet]

Hi Essence

Probably just the Waikato Times as the advert appeared in its newspaper.

Regards

[Cadmium]

Hi,

I sent an email to the advertising manager of the Waikato Times this morning, referring her to the information contained in this thread. She replied shortly after saying:

"…we have stopped further advertising for this client and alerted the Newspaper Publishers Association in Wellington so that other newspapers in New Zealand are aware of this client."

Good on them!

I really hate scam artists.

Anyway, you will probably see me asking dumb questions in the newbie corner in due course.

Regards
Stuart

[fudosan]

Hi Cadmium, a warm welcome to PT

I really hate scam artists.

Me too, but you took the action to notify the newspaper. Well done.

[RonHoyFong]

P/T Forumites, well done.

Great Team Work

However having these people prevented from advertising does not increase awarenes of this groups history in Australia.

I suggest to anyone reading this post to email it on to other PI's around NZ

Cheers Ron

[Dean@Massiveaction]

Very cool Cadmium!! Keep it up.

[Glenn]

Fantastic guys.
I am always fancinated when people use the fact that someone is a mother to justify or give respectability to something.

Surely we all know that fertility and the ability to reproduce does not change a person's credit worthiness.

How many men advertising something like shoes for sale or flats to let or investment scams to put money into would say that they were a dad.

[Julian]

Glenn,

Surely we all know that fertility and the ability to reproduce does not change a person's credit worthiness.

I agree, and knowing the cost of kids would have thought it to be inversely proportional!
Julian

[MarkS]

Julian said: I agree, and knowing the cost of kids would have thought it to be inversely proportional!

I have found children to be much like PI's- your greatest source of heartache and your greatest source of joy. But to qualify that I find they are both much more of the latter- by a country mile

[Julian]

Quite right, Mark. We have children for our own selfish reasons - the joy they give us!
Julian