News Article "$70 MILLION IN LOSSES HANDLED BY ONE... -
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Published on: 8/6/2003
Last Visited: 4/2/2007
Judy Teitzel is a Queensland lawyer representing victims of property investment scams.
According to today's Australian Financial Review, Ms Teitzel has 700 clients for whom she is fighting to get compensation.The average loss suffered by each client is $100,000.
That's a staggering $70 million being handled by just one lawyer in one law firm.
Judy Teitzel has been a long-time fighter on behalf of the victims of property seminars.In January this year, she told ABC's 7.30 Report, "It's had a very serious effect on a lot of people emotionally.We've had people who have had nervous breakdowns, one person suicided over it, and there's been a lot of marriage break-ups.It's a nightmare."
Aside from having to deal with so many victims, Teitzel has had to witness the betrayal of victims by the State Government.The Minister for Fair Trading, Merri Rose, whom Teitzel described as the Minister for Unfair Trading, introduced retrospective legislation late last year to prevent scam victims receiving compensation via the Property Tribunal.
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This Minister's decisions, actions and comments will justify Judy Teitzel's tag of Minister for Unfair Trading.