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Fact-check: Bricklet property fraud allegations, Unsupported, Michael West Review
An investigation into Bricklet, a property fractionalisation platform backed by major developers Stockland and Mirvac, alleges that investors are being defrauded through inflated property valuations and misleading claims. The scheme is controlled by entrepreneur Giuseppe Porcelli through Lakeba Group, and the article details a specific case where Bricklet CEO Darren Younger allegedly profited by purchasing a property at $1.8 million and selling fractional shares based on an inflated $2.1 million valuation.