DotCon lies and lies some more

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.

DotCom - Guilty

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??

Does Dotcon seriously expect to have such a company underwritten by a reputable NZ financial services firm when he was found guilty and convicted of embezzling money?

During this same period, Schmitz had still?been committing fraud, using used false pretences to obtain an unsecured EUR280,000?loan for an intercompany transaction that ?his company Kimvestor AG bene!ted from. ?When his public companies Monkey AG and Kimvestor AG went belly-up, Kim Schmitz was again treated leniently by the courts. In November 2003 he pleaded guilty to embezzlement but was again given a two ?year probationary sentence.

Does Dotcon seriously expect to get investors onboard when he threatened to kill himself online once, declaring himself to be “His Royal Highness King Kimble the First, Ruler of the Kimpire“.

After being arrested in Bangkok in a 5-star hotel, due to a request by the German embassy, Dotcom threated to kill himself online on his birthday in protest. He said on his website that “the real Kim Schmitz” is no more, and that he wants now to be called “His Royal Highness King Kimble the First, Ruler of the Kimpire.” He was eventually deported from Thailand to Germany where he was detained in 2002.

It’s all very well for the Herald to hold Corporate NZ scum to account like Petricevic and Bryers, but what about the Eccentric Elephant in the room? Since he’s made a case for accusing NZ’s Prime Minister and other Ministers of lying, what about him?

DotCom has arguably lied on his application to become a NZ resident by describing himself as a billionaire?with a b.

Dotcom’s immigration agent, David Cooper, described him in application papers as a billionaire, a term immigration officials repeated in their own assessments. Cooper told the AP in an interview that the description came from Dotcom himself.

Subsequent asset seizures, however, indicate Dotcom’s wealth to be far less than $1 billion. Dotcom’s lawyers have declined AP requests to make him available for an interview.

Given that is clearly false (he’s worth a lot, but probably 10 or 20% of a billion dollars), shouldn’t his immigration application form now be reviewed with a view to expelling his noisy and troublesome goose back to Hong Kong?

When will reputable journalists realise that this guy is taking New Zealand, and their newspapers and channels for a ride?

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