fraud

We’re lonely, greedy and have little self-confidence

It seems Kiwis are lonely, greedy and have little self-confidence, hence they are victims of online scammers promising love and money.

Police are advising people to be on their guard after a fresh spate of investment and romance scams have proved costly for unsuspecting victims duped out of large amounts of money.

A number of serious fraud complaints have sparked police investigations after New Zealanders transferred money into offshore accounts in sophisticated scams.

The latest to cause alarm include an investment scam where people are cold-called from Hong Kong or China and offered shares in well-known companies offering large returns.   Read more »

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Delingpole declares war on warmists

James Delingpole has always been at war with warmists, now he has declared that he is going to advance the fight against them.

Let’s start the New Year as we mean to go on: by dancing joyfully and triumphantly on the grave of man-made global warming.

Climate change is over. It’s a busted flush. The alarmists now have all the credibility of bewildered Harold Camping followers shivering on a mountaintop the morning after the night before, looking all shifty and embarrassed as they realise the Rapture their models so confidently promised just ain’t going to happen…

He then goes on to highlight three pieces of information that people should make themselves familiar with.

The first – modestly titled The Most Comprehensive Assault On Global Warming Ever – was written by a US physics professor called Mike van Biezen. It lists ten of the reasons (though there are many more) why man-made global warming theory no longer has any credibility.

[…]

Then there are two pieces on what, for me, is the single most persuasive argument against man-made global warming theory: the (considerably more dramatic) fluctuations of climate long before mankind was in any position to influence it.

Here are the key points of an essay on the subject by Ed Hoskins…

[…]   Read more »

Intagr8 business model “unsustainable”

I warned people more than two years ago about Intagr8 and now the liquidators have confirmed that they had an ‘unsustainable business model’.

NBR reports:

Intagr8 Ltd, which was placed in liquidation this month after failing to pay creditors, ran an “unsustainable business model” with upfront sales revenue too meager to cover the cost of inducements for new customers to its bundled telephone and equipment deals, the liquidator says.

The collapse before Christmas left thousands of small and medium-sized businesses without telecommunications and internet services.

Steven Khov and Damien Grant of Waterstone Insolvency were unable to estimate the total assets of the company or its liabilities in their first report as liquidators. A creditors meeting has been called tentatively for Jan. 16 where the liquidators expect to give an update.   Read more »

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He should have settled instead of concocting crazy conspiracy theories

I don’t feel at all sorry for Kim Dotcom. The man is a fool and a fantasist…I mean anyone who thought paying Martyn Bradbury as a political consultant has to be insane.

The ones I feel sorry for are the three others who have been taken for a ride with Kim Dotcom. He’s promised them repeatedly that he’d get them off, then left them all in the lurch with his insane stunts, new political parties, slagging of the US Government and regulators and judges, and Police and everyone else.

They are the ones who are going to pay the price for his shenanigans.

Judge Nevin Dawson’s decision to extradite Kim Dotcom and his co-accused Mathias Ortmann, Bram van der Kolk and Finn Batato includes a summary of the maximum prison sentences facing the four on each charge if they are ultimately convicted in the US.

A quick summary of the list:

  • Count One: Conspiracy to commit racketeering: 20 years
  • Count Two: Conspiracy to commit copyright infringement: 5 years
  • Count Three: Conspiracy to launder monetary instruments: 20 years
  • Count Four: Criminal copyright infringement: 5 years
  • Counts Five through Eight: Criminal copyright infringement by electronic means: 5 years each (20 years)
  • Counts Nine through Thirteen: Fraud by wire, and aiding and abetting fraud by wire: 20 years

If served consecutively, that means the big man would face up to 90 years behind bars — a strong motivation to appeal his extradition (as he has already said he will) and then apply for a Supreme Court review if he loses that appeal.

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Fraudster Marius Visser loses appeal against sentence

A FINANCIAL advisor convicted on multiple counts of fraud has failed with a High Court appeal seeking a reduction in his two-and-a-half-year prison sentence.

Between May 2014 and September 2014 Marius Visser, 43, submitted 18 fraudulent insurance policies to two companies on behalf of applicants who did not exist.

All up, he received commissions totaling $270,063.

The applications were either typed or handwritten and contained personal details which were invented by Visser to deceive the insurance companies. To receive the commissions, Visser initially paid the premiums due on the fraudulent policies using commissions received on subsequent policies.

In September last year, Visser was spoken to by a private investigator for one of the insurance companies. He refused to say anything, but later that day withdrew $30,000 from his bank account and purchased four return tickets to South Africa.

When he returned from South Africa in mid-November, police arrested him.

The district court judge who heard the case said the offending involved ‘deliberate and dishonest conduct” and included “multiple acts of deception”.   Read more »

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Why Dotcom’s appeal is forlorn

Yeah Kim, those cuffs are for you

Yeah Kim, those cuffs are for you

Kim Dotcom and his lawyers were full of bravado yesterday, claiming they will appeal. They can and have.

But I think if they, and it would be helpful if the media did as well, read the judgment there is one damning paragraph from Judge Nevin Dawson that they should take heed of.

[698] This eligibility Court has received an extraordinarily large volume of material to consider, and the hearing took over 9 weeks before completion. The parties were informed by this Court that all matters relevant to this eligibility hearing would be heard at the hearing and decisions would issue accordingly. At the end of the hearing, all parties confirmed to this Court that none of them had any further issues they wished to raise.

[699] Given the very large volume of material presented during the hearing it is not possible to issue decisions that would be less than encyclopaedic in length in order to cover every minor point alluded to in the hearing. There is no need to do this. Much of the material presented to this Court has not been relevant to an eligibility hearing and a number of the submissions were unsupported by appropriately sworn evidence. They do not come near to undermining the applicant’s case or point to a breach of the duty of candour and good faith. If some aspects of the parties submissions or evidence has not been referred to in this judgment that is because it was not relevant to the decision given.

That is legal speak for saying that screeds of what the defence produced to support their application was irrelevant and unsupported by facts. Horse-shit in other words.   Read more »

Good things come to those who are prepared to stick to the job for the long haul

fatty

Do I look good in Orange?

Tick tock, we are now all waiting with bated breath.

The wheels of the justice system grind slowly, and occasionally slip a cog, but on the whole those who are willing to submit to the complete process get what they deserve.

A judge is set to deliver his decision on whether Kim Dotcom and his associates are eligible for extradition to face charges in the United States.

The German-born internet mogul and his former business associates – Mathias Ortmann, Finn Batato and Bram van der Kolk – are accused of making US$175 million (NZ$257 million) from what US authorities say is a criminal conspiracy based around file-sharing website Megaupload.   Read more »

Relentless pursuit of ratbags

WE’RE BEING heard – finally

Over the past six months, we’ve been relentless in our pursuit of Anmol Seth.

We’ve interviewed countless victims, meticulously reviewed thousands of pages of written material and like most people following this story have arrived at one conclusion – the man is a ruthless and calculating conman.

We’ve willed authorities to hold this ‘fraudonaire extraordinaire’ to account for the money he’s stolen and the lives he’s ruined.

We’ve been to the police, Inland Revenue, the Banking Ombudsman, the Serious Fraud Office, the Law Society and the Financial Markets Authority demanding action.

So far there’s been no sign of anything resembling action.

As frustrating as that might be, we’ve been heartened by the news that not all our efforts have necessarily been in vain.

We’ve been reliably informed this week that the decision by Pita Pit to seize control of one of the Singh’s Botany stores was because of concerns they had about what they’d read about Anmol Seth on Whaleoil.     Read more »

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Anmol Seth: Pita Pit acts and court date set

Anmol Seth: The Billionaire and Bogus Lawyer of Flat Bush

Anmol Seth: The Billionaire and Bogus Lawyer of Flat Bush

CONMAN EXTRAORDINAIRE Anmol Seth is facing fresh allegations of financial impropriety over his role in the messy collapse of a once-thriving Auckland franchise.

Seth is the Auckland accountant and self-styled ‘billionaire of Flatbush” who’s accused of robbing Indian investors blind through a series of dodgy business deals and bogus get-rich-quick schemes.

It’s been one damning allegation after another – from GST and tax fraud to embezzlement and theft.

Now finally Anmol Seth’s day of reckoning may be upon us.

The consummate conman is scheduled to appear in the High Court at Auckland next month for a hearing where he will oppose a bid by businessman Jazz Singh to regain crucial ground in an acrimonious power struggle with his estranged wife for control of two Pita Pit stores in Botany.

Singh was forced out of the business by his wife Akansha earlier this year following unsubstantiated allegations of domestic violence. Seth apparently played a critical role in that move.

It is understood Seth restructured the company, making Akansha Singh sole director of the business – and himself financial controller.

Things have gone from bad to worse since then.

The Singh’s originally had two stores. Now they have one.    Read more »

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Photo Of The Day

Photo: Esquire Magazine. Steven Jay Russell in the Slammer thinking about his 144-year sentence.

Photo: Esquire Magazine.
Steven Jay Russell in the Slammer thinking about his 144-year sentence.

Stuck In The Slammer

In early 1998, an emaciated Texas inmate named Steven Jay Russell was granted a special parole — one which put him in the custody of a hospice. Russell’s medical records spelled out the reason: he had HIV/AIDS, and wasn’t likely to survive much longer.  Shortly thereafter, the Texas Department of Criminal Justice received a death certificate, alerting them that Russell had died.

A few weeks later, Russell was arrested.

Steven Jay Russell was born in 1957, if you believe his birth certificate. There’s no actual reason to doubt the veracity of the document, but a faked birthday or year would hardly be the most audacious lie Russell has ever told. His first major one — and his first known criminal one, for that matter — occurred in the early 1990s, when he faked a slip-and-fall, hoping for a pay day.

His ruse was uncovered and he was convicted of fraud, sentenced to six months in prison. That sentence was too long for him, though, so he left. Russell’s boyfriend was dying of AIDS (really) and Russell wanted to be with him during his last days. Four weeks in his prison sentence, Russell impersonated a prison guard — he had stolen some discarded street clothes and a walkie-talkie to use as a guard’s disguise to elude suspicion and break free — and walked out to freedom without much difficulty.

The guards thought I was an undercover police officer. It was such an adrenaline rush. Those first moments of freedom felt amazing.

Read more »