December 5th 2024.
Adrian Portelli, a billionaire known for his success in promotions and investments, has found himself in hot water with South Australian authorities. He has been charged with running an unlawful lottery, a serious accusation that has led to nine counts against him. Not only that, but his company LMCT+ is also facing 10 counts of the same charge.
According to reports, the alleged offences took place over the course of a year, from January 2020 to May 2021. This news has come as a shock to many, as Portelli has been making headlines for his business ventures, including the recent purchase of all five homes at The Block 2024 auction.
LMCT+ is known for charging monthly fees in exchange for shopping discounts, with the added bonus of monthly draws for its members. It's a popular program, but now it seems to have landed Portelli and his company in trouble.
Just last week, Portelli made waves once again when he gave away a whopping $150,000 worth of groceries in Sydney. The event drew a massive crowd, with some eager participants lining up as early as 4am in Penrith and Fairfield West. This generous act caught the attention of many, but now it seems the billionaire's actions have come under scrutiny.
This isn't the first time Portelli has made headlines for his extravagant spending. In 2022 and 2023, he made a name for himself as Block royalty after purchasing four homes for a whopping $16.65 million. However, it seems his luck may have run out this time.
Portelli is scheduled to appear in court on January 15, and the public eagerly awaits the outcome of this case. There may be more information to come as the investigation unfolds.
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