Ponzi

Anmol Seth: ‘Fraudonaire extraordinaire’

A photo on Anmol Seth's Facebook page, the plane and vehicles are actually owned by football star Emmanuel Adebayor

A photo on Anmol Seth’s Facebook page, the plane and vehicles are actually owned by football star Emmanuel Adebayor

by Stephen Cook

A CONMAN posing as a billionaire businessman has swindled millions of dollars out of Indian investors through a highly theatrical web of deceit and the bogus promise of sky-high returns on phoney investment opportunities.

Over the past decade, smooth-talking Anmol Seth has built a formidable reputation on the broken hopes and dreams of vulnerable Indian investors who have sunk millions of dollars into his bogus companies.

Seth – who resides in Flatbush, Auckland – operates at least 50 fictitious companies in New Zealand under the umbrella of the ‘Anmol Group’ and regularly posts on Facebook and Twitter about his glamorous jet-set lifestyle and involvement in multimillion-dollar business deals.

“Secured entire file for another large client with $40Million+ Turnover; have been working with on them for just over 14 months…the hard-work has finally paid off,” he boasted on Twitter back in 2013.

Through those bogus companies, it is understood Seth – who poses as a qualified lawyer and accountant – has made large GST claims on start-up ventures that never materialize.

On one of his many websites, the practiced con and consummate liar claims ‘we offer a world of opportunity which encourages people to help each other succeed, and achieve excellence through continuous improvement and innovation’.

Those unfortunate to have done business with Seth have an altogether different view of the serial fraudster.

One North Island businessman – who asked not to be named – described Seth as a ‘charlatan without conscience’.   Read more »

Caveat Emptor

I have zero sympathy for “victims” of Ponzi schemes.

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Ponzi “Master Mind” David Ross / via Stuff

In 2013, David Ross was jailed for more than 10 years for running a multimillion-dollar ponzi scheme.

Just before Christmas the Inland Revenue Department told investors in the failed scheme to expect only a partial tax refund.

Commerce Minister Paul Goldsmith said the Government was unlikely to change the law allowing investors to claw back money from those who benefited from the scheme. Read more »

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The jig is up on Global Warming

James Delingpole is at his superb best at The Telegraph. He busts the climate change ponzi scheme:

Breaking news from the US – h/t Watts Up With That? – where a leaked draft of the IPCC’s latest report AR5 admits what some of us have suspected for a very long time: that the case for man-made global warming is looking weaker by the day and that the sun plays a much more significant role in “climate change” than the scientific “consensus” has previously been prepared to concede.

Here’s the killer admission:

Many empirical relationships have been reported between GCR or cosmogenic isotope archives and some aspects of the climate system (e.g., Bond et al., 2001; Dengel et al., 2009; Ram and Stolz, 1999). The forcing from changes in total solar irradiance alone does not seem to account for these observations, implying the existence of an amplifying mechanism such as the hypothesized GCR-cloud link. We focus here on observed relationships between GCR and aerosol and cloud properties.

As the leaker explains, this is a game-changer:

The admission of strong evidence for enhanced solar forcing changes everything. The climate alarmists can’t continue to claim that warming was almost entirely due to human activity over a period when solar warming effects, now acknowledged to be important, were at a maximum. The final draft of AR5 WG1 is not scheduled to be released for another year but the public needs to know now how the main premises and conclusions of the IPCC story line have been undercut by the IPCC itself.