Serial litigant McCready bankrupt. Again.

Serial litigant, convicted fraudster, blackmailer and now bankrupt Graham McCready (the media like to call him a retired accountant, I prefer the truth) has a plan to pay back his creditors:  take more people to court as a business venture.  Ian Steward explains

The man who forced John Banks into the dock to face charges of electoral fraud plans to pursue other high-profile personalities as a money-making scheme for himself.

Retired accountant Graham McCready has just been bankrupted for the second time.

As he fought to stop the bankruptcy, he revealed he was pinning his hope for making money on payments he said he would get from the company behind the private prosecutions he has become known for.

McCready, bankrupted in October in the High Court at Wellington, argued in court that he would be able to pay back his creditors from his work for a company called New Zealand Private Prosecutions Limited.

He said he was representing the company, set up by Wellington businessman Richard Creser in February this year

I see.  A company that aims to get profit from bringing private prosecutions.

So that a twice bankrupted and convicted blackmailer can pay back his creditors.  

McCready told the Star-Times the company would make money from applying for costs for the prosecution under the Costs in Criminal Cases Act.

Section 4 of the act says that, after a conviction, a court may order the defendant to pay “such sum as it thinks just and reasonable towards the costs of the prosecution”, which McCready thinks he is eligible to receive.

He said he would also launch a bid for costs from the Crown as he was doing the job it should have been doing.

However, the judge in the bankruptcy proceedings, Justice Ronald Young, was sceptical of the money-making power of the service.

In declaring McCready bankrupt, he said there was nothing to suggest the company would be able to pay its employee.

“[McCready’s] hope that the company will somehow obtain costs in private prosecutions against defendants is, in my assessment, extremely unlikely and, if obtained, likely only to be very modest.”

So what is really going on here?  Richard Creser is getting McCready to do all this hard work, hiding behind a company, and when money doesn’t flow back into Private Prosecutions Ltd… then what?

Despite the judge’s reservations, McCready said he had prosecutions in the pipelines against managers of the Pike River coal mine and Auckland Mayor Len Brown. He said charges against Brown would be filed on January 14 over the super-city mayor’s non-declaration of free hotel rooms, uncovered by auditors in the wake of his affair with Bevan Chuang.

McCready said he would prosecute Brown under section 105A of the Crimes Act – corrupt use of an official document.

Brown’s record on dealing with SkyCity over its proposed convention centre during the period would make up “part of the prima facie case” against the embattled mayor, he said.

Well, the media will be going easy on McCready as the column inches he’ll provide from his prosecutions alone will be paying a lot of journo’s pocket money for the foreseeable future.

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