What you need to know:

* Blue Sky Investments is a Queensland investment company that convinced punters it was some sort of expert on real estate, agricultural assets and venture capital. 

*  Blue Sky overpaid for assets, then sold its few well-performing assets to allow it to mark up the older, dud assets which it retained ... some may call this a Ponzi scheme in that new investors' money is used to cover up the terrible returns being earned.