Elysianalbertpark Reviews 7

Be fully aware that Lion Property Group is presently subject to a court order to prove its solvency due to extensive unpaid investor liabilities. It is therefore deeply alarming—and in my view, reprehensible that Lion property Group continue to promote investment opportunities in these circumstances.
The conduct may constitute:
Dealing in financial products without a valid Australian Financial Services Licence (AFSL), contrary to the Corporations Act 2001 (Cth);
Engaging in misleading or deceptive conduct in breach of section 1041H;
Participation in what may be construed as a fraudulent investment arrangement akin to a Ponzi scheme;
Facilitating psychological harm to existing investors, several of whom have reportedly suffered extreme distress,
Should these allegations be substantiated, these actions could warrant criminal investigation and prosecution.
In addition to my report to ASIC, I will also be making an inquiry with The Victorian Fraud Investigation Squad regarding what I allege to be a carriage of fraudulent activity in connection with the promotion and operation of these investment schemes.
This correspondence will also be provided to current Lion Property Group investors to ensure they are fully informed of the seriousness of the alleged conduct in the solicitation of funds

Ponzi scam
Do not invest a cent with this group. You will never see your money back.

Current Elysian investors are not receiving their contracted distributions.
The perpetrators of this scam, Lion Property Group are currently facing action in the Supreme Court of Victoria and their books are currently being Audited by court order.
Don't invest. You will never see your money again.
They will never be able to acquire the remaining units in this complex to do the development. It is just a revenue raising exercise.
Lion currently have 18 projects, 1 has lost $4m the balance are either in mortgagee possession, been sold by the Mortgagees or are at a stand still and way behind schedule.
Over $150m of current investors funds is being traced.

John Sader and Garry Pesochinsky of Lion Property Group are currently entangled in proceedings in the Supreme Court, facing serious allegations consistent with operating what appears to be a Ponzi scheme. Payments to investors have abruptly ceased, and despite repeated attempts, they refuse to respond to legitimate inquiries about when — or if — payments will recommence.

Disturbingly, they have also taken out loans against the Albert Park development without commencing construction, raising grave concerns about mismanagement and deception. This project is already plagued with delays and financial complications. Anyone conducting even basic due diligence would see the glaring red flags.

Avoid these individuals and their companies at all costs. Their charm and charisma mask what many now believe to be a calculated and fraudulent operation. Investors deserve transparency and accountability — not silence and financial betrayal.

Existing Elysian Investor. Started in June 2024. Haven’t received the distribution from Nov 2024. Only 3 apartments bought so far out of 18 in the block. External party has bought one apartment in Feb 2025, and could potentially block the whole project.

But main concern is about the Lion Property management, who are arrogant, incompetent and outright unprofessional.

John Sader and Garry Pesochinsky of Lion Property Group are currently tied up in the supreme court in what has been described as a ponzi scheme. They have ceased payments amd refuse to respond to my queries of when they will recommence or why they took loans out against the development I am involved in despite construction not commencing. This particular development in albert park is already facing multiple difficulties and with full knowledge of these events nobody in their right mind would be involved. My recommendation would be to avoid these "charismatic" guys at all costs.

Look up Lion property group to see this “wolf in sheep’s clothing” act for a business.
Business currently is in the Supreme Court and directors likely to go to jail. Would advise any potential investors to stay clear.