Companies with accounting & finance environments that have inadequate policies and procedures and weak internal controls leave themselves open to risks of white collar fraud.

In this episode, a case study is presented of one such environment encountered by Edward and how, when he uncovered a Can of Worms, he was unceremoniously stopped in his tracks.

Listen to Edward's takeaways about the lessons learned and the red flags, and about how investors were taken advantage of by a number of cunning and deceitful promoters of Chinese real estate to foreign investors. Lessons that will hold true and be useful when evaluating real estate investment opportunities, at home and abroad, in the future.

Hear how a group of Irish investors were deceived in an alleged fraud, when they invested a significant amount of money in an overseas residential property investment opportunity in Shanghai, China. As details of the purported fraud came to light, the sheer audacity and brazenness of the fraud and the fraudster were astonishing and the investors were certainly in for a big 'Shanghai Surprise!'

This is a 'must listen' for those who have or are considering investing in property schemes overseas, as valuable lessons can be learned from the red flags in this case file.