A hardcore porn company Z4K74D (In Liq) – formerly called Vixen Direct Ltd and directed by NZ “Porn King” Steve Crow owed unsecured creditors $262,528 and the IRD $163,550 when put into liquidation on 27 May 2009. It has been unable to pay unsecured creditor Checketts McKay Law of Cromwell (Alan Bevin McKay of 35 The Mall, Cromwell 9342) for legal sevices rendered. The law firm was listed by the Liquidators, Chartered Accountants Meltzer Mason Heath, as one of 50 odd unsecured creditors who would receive nothing from the failed porn company. Mr Alan McKay is currently the Attorney who acts for San Antonio Texas-based company director John M. Carr whose companies are the subject of ongoing investigations by the National Enforcement Unit (N.E.U.) of the NZ Companies Office. John Malcolm Carr (see photo links below) co-directs porn companies Eden Digital Ltd and CVC Group Ltd with Steve Crow. Among his many colourful business interests Crow owns 50% of the shares in 435 Devon Limited that owns the former troubled RSA Clubrooms in New Plymouth.
Photo 1: http://www.carr.co.nz/images/jmc.jpg
Photo 2: http://www.bankler.com/AboutUs/JohnMCarr/tabid/130/Default.aspx
Photo 3: https://www.linkedin.com/in/johnmalcolmcarr
In his First Report on Crow’s liquidated porn company Z4K74D (In Liq) (formerly Vixen Direct Ltd), dated 1 December 2009, the Liquidator notes that the company ceased trading on 12 May 2009 when the director, Steve Crow, woke up to the fact that it was insolvent. However, the company ceased trading only after Crow changed the company’s name. The Liquidator has referred to only one “secured lender” [believed to be Calvista Australia Pty Ltd, Australasia’s largest supplier of hardcore porn DVDs and sex toys] and its debt has yet to be fully paid off.
One unsecured creditor of Z4K74D (In Liq) is Auckland printing firm PMP Maxum Ltd which forced another porn company directed by Steve Crow – Eden Media Ltd – into liquidation on 21 May 2009 by means of a successful application to the High Court. That liquidation is currently being dealt with by Liquidators from Pricewaterhouse Coopers who published their 1st Six Monthly Liquidation Report on 22 December 2009. They are currently pursuing debts owed creditors of Eden Media Ltd, by Z4K74D Ltd. However, given that the latter already owes $163,550 + $262,528 to creditors, how could any Liquidator hope to succeed in extracting anything more from this failed company?
Two other porn companies directed by Crow that were put into liquidation due to insolvency are Les Obstacles de L’Amour Ltd and Malibu Media Ltd (formerly Erotica Expo Ltd). The first, struck off the Register today (2 March 2010), owed the IRD $141,554 and unsecured creditors $307,218. None of these creditors got a cent. The other company was placed into liquidation on 27 May, 2009 owing the IRD $18,649 and unsecured creditors $145,565, a clear sign that it was insolvent for some time. Creditors received nothing. Malibu Media Ltd is facing imminent strike-off from the Register of Companies on about 22 March 2010. Steve Crow changed the name of Erotica Expo Ltd to Malibu Media Ltd just one month before the company was placed into liquidation.
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