The ABC stories are also alleged to have made it look like Mr Young and his businesses conduct caused the couple to lose their life savings.Ĭourt documents state that Mr Young or his business did not prepare any loan documents for the couple, nor did they act fraudulently or have any responsibility for the couple’s financial loss. In documents lodged with the Federal Court, Mr Young, dubbed “Australia’s most successful property investor” on his website, alleges ABC stories published in 2014 about him and the business made him look like a fraud.Īccording to the documents, the stories published online and broadcast on the 7.30 program allegedly made it appear that Mr Young and his business, previously known as The Investors Club (TIC), “acted fraudulently by preparing loan documents for a retired couple which they knew contained false and overstated financial information”. Prominent property investor Kevin Young wants the ABC to pay him for damage he claims the organisation’s news stories caused him and his business.
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