Kim Schmitz

In Fishy’s article this morning, Dotcon drops the clanger that he was in the throes of launching an IPO for his quasi song-swap service.

That Fishy could let this pass without mentioning some pretty obvious questions suggests that Fishy is wilfully blind to Dotcon’s crooked past.

For example:

Does Dotcon seriously expect to issue a prospectus in New Zealand for a sharemarket listed company when he has been convicted for insider trading/pump and dump stock frauds in the past? (The Letsbuyit.com affair)

When Kim Schmitz was convicted in 2002 of manipulating shares in online retailer LetsBuyIt.com, it marked the end of Germany’s biggest insider-trading case ever and exposed just how easy it was to profit at other investors’ expense. The self-styled Internet entrepreneur’s previous conviction for computer fraud didn’t stop him from announcing a spurious rescue effort for the online retailer that temporarily goosed the stock — and gave him the chance to sell his shares at a profit of $1.5 million. Worse, when it came time for sentencing, Schmitz got a slap on the wrist: a 20-month suspended sentence after five months in jail awaiting trial.

Does Dotcon serious expect to get the FMA blessing for such a prospectus when he was found guilty and convicted of hacking?  Read more »

YAWN.

I am struggling to see how it is news that a fruit loop millionaire, ostensibly from illegal activities such as hacking and spam, is getting the arse from New Zealand.

The best bit is we still have his $10 million.

People are focusing on his residency application and his “filesharing” activities and conveniently ignoring the thugs he had on staff for “protection”, who their known associates are (they aren’t nice, trust me) and the illegal firearms he had on the premises.

His lawyer blithely explains:

 In explanation for having a gun without a licence, Dotcom said he was concerned for his safety and that of his family.

Most people concerned for their safety don;t illegally import a Mossberg Super Shorty which at 300mm (11.8 inches) is less than half the length legally required for a firearm (762mm or 30 inches) in New Zealand. You can’t buy them here. Not anywhere. The fact that the gun was alos loaded, and with illegal munitions other than for law enforecement shows this man has scant regard for the law.

His $10 million should be forfeit and he should be tossed from our shores. No fuss no bother. See ya later Cyril…or whatever name you are using now.

Cactus Kate contrasts the ninnies in our media with those in Hong Kong where Kim Tim Dim Sim or what ever name he used there, was also a resident.

But she also raises another valid point. If Winston and Labour want some inquiries then the government should go right ahead and I’d suggest that we start by inesitgating thoruoughly the Bill Liu affair and the involvement of David Cunliffe and Shane Jones.

And Labour should be a little more humble about the Kim Dotcom case. I recall Bill Liu, Whaleoil’s expose, Liu’s multiple identities and donations to the Labour Party. So will frontbenchers David Cunliffe and Shane Jones they will never forget Bill Liu. Neither will all Labour MP’s old enough to have been around to facilitate the disaster.

Those who live in glasshouses should not be throwing rocks.

Now if we had an Independent Commission Against Corruption here they would start right there and work on up to Kim Schmitz.