“Guru” Gone

Property Guru declares himself bankrupt




‘Self-styled property guru and investment adviser Dean Letfus has declared himself bankrupt after the collapse of his business and property investment empire.

Letfus set up Massive Action Ltd and NZ Property Gurus Ltd, both of which have been put into liquidation, with little likelihood that their creditors will be paid.

Massive Action charged people $1500 to attend seminars where Letfus would share his money-making secrets, such as: How to enjoy the capital gains on 10 or 20 or 50 houses that you haven’t paid for; and how to get in and out of money-making deals with no money.”

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