Serepisos arrested at airport

Ratbag Terry Serepisos, living life on the large has had the fun times curtailed somewhat after being arrested at Wellington airport last night

Reality TV star and bankrupt property developer Terry Serepisos will appear in court after reportedly being arrested at Wellington airport last night.

Inspector John Spence told the Dominion Post Serepisos was taken to Wellington Central police station, and was then released on bail to appear in court this morning.

Inland Revenue reportedly asked police to meet Serepisos after he landed in Wellington on an inbound international flight.

Serepisos could not be reached for comment this morning.

Serepisos, the former host of the Zealand TV series of The Apprentice, has been before the courts over his debts and also lost control of Wellington’s Phoenix Football Club as he fought to stave off bankruptcy.

He was declared bankrupt in 2011.

Nine of Serepisos’ companies are currently in liquidation, according to the Companies Office.

These pricks cry poverty and go bankrupt, yet always manage to scare up cash for lavish holidays, fast cars and loose women.

Our insolvency regime in NZ is treated as a joke by the ratbags.

They hide assets, continue to trade, all aided and abetted by dirty lawyers, useless public officials and a constabulary ill-equipped to unravel the labyrinth of their structures and affairs.

Nothing is ever as it seems and these guys use their bevy of friendly lawyers to constantly appeal everything and push the public officials into backing down.

They usually engage tame insolvency specialists as well…or worse become one!

The wild west of insolvency needs to be sorted out.

Until it is people like Terry Serepisos and others will continue to cause havoc in the New Zealand business environment.


– NZ Herald

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