SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.
Some investors in a fraudulent $9 million fund run from Christchurch will this week get a letter they never wanted to see.
It will be telling them they must pay money back.
The bad news comes in the latest update to investors by the receivers of Arena Capital.
The company, trading as BlackfortFX, purported to run a spectacularly successful foreign exchange scheme controlled by expert analysts and traders. [Read more…]
John Edward Clancy breached section 159(1)(a) and 159(2)(d) of the Companies Act 1993 when he failed to deliver to the Registrar “within 20 working days of the change occurring“, the required Notice of Change of directors in the case of his appointments of Riani Suhandi as a director to two companies he (Clancy) directed: Renovation Masters Auckland Ltd and Future Proof Building Ltd. Furthermore, the same Consent Certificate signed on 11/06/15 by Suhani relating to Future Proof Building (Co. No. 3972918) has been uploaded by Clancy onto the Companies website and filed with documents relating to Renovation Masters Auckland (Co. No. 1868260).
For background details on this fraudulent documentation submitted by Clancy see:
English-born John Edward Clancy heads a troubled building group in Christchurch
(Photo source: https://nz.linkedin.com/pub/john-clancy/2b/851/941 ) [Read more…]
John Edward Clancy resigned as director of Future Proof Building Ltd (formerly Global Cleaning Services) on 15 June 2015 when his company accountant Richard Somerville, as “Presenter”, uploaded a “Particulars of Director” form onto the Companies Office website at at 10:14:16 on that day, which states :
Ceased Director: John Edward CLANCY
Earlier that day John Edward Clancy of 87 Byron Street, Sydenham, Christchurch 8023, uploaded a “Consent and certificate of director” form onto the Companies Office website at 9.46:07 am on 12 June 2015 which states that “Riani Suhandi“, whose residential address he gave as “Flat 8, 126 Nursery Rd, Linwood, Christchurch 8011, NZ“, was appointed by him as fellow director of Future Proof Building – effective 1 May 2015.
Riani Suhandi Director Certificate Future Proof Building Ltd
Two seconds later at 9.46:09 he filed a “Particulars of Director” form providing the same residential address for Riani Suhandi as shown on the Consent certificate which had been signed by this newly appointed director on 11/06/15. On that same “Particulars” form Clancy stated that Suhandi had been appointed by him as director on 1/05/15. This date was consistent with the appointment date on the Certificate of Consent Rihandhi signed on 11/06/15. There is no other document relating to Suhandi filed prior to 12 June 2015. [Read more…]
Global Developments 511 Madras Street Ltd (Co. No. 4910399) directed by John Edward Clancy was put into liquidation on 10 July 2015 by the Auckland High Court. The company owes the council $35,416 for a building consent and the council spent another $2000 putting the company into liquidation. The incorporation of the company on 22 January 2014 involved the submission of allegedly fraudulent documents to the Companies Office by the director John Edward Clancy via his accountant Richard Townsend Sommerville (Walker Townsend Ltd). [Note: SPCS has filed a formal complaint to the Companies Office].
The signatures entered on the Director’s Certificate and Shareholder’s Certificate, purporting to be that of John Clancy do not match in any way his signatures on other documents he has filed in the incorporation of a range of other companies he directs.
For example the signature he used incorporating the company Global Developments (New Zealand) Ltd (now in liquidation and renamed Derby Grey Ltd, do not match those filed for Global Developments 511 Ltd.
Examples of numerous alleged document fraud from the Companies Office website www.companies.govt.nz relating to John Edward Clancy.
John Clancy Signature Director Global Developments 511 Madras Street Ltd
John Clancy Signature Shareholder Global Ddevelopments 511 Madras Street Ltd
John Clancy Signature Shareholder Global Developments (New Zealand) Ltd
John Clancy Signature Director Global Developments (New Zealand) Ltd
See fuller documentation in earlier postings on the Society website.
https://www.spcs.org.nz/john-edward-clancy-and-his-fj40-trust/
A building group that has already cost the Christchurch City Council $166,000 owes it another $37,000.
The council last week wrote off $165,831 owed by Global Developments (New Zealand) Ltd (now in liquidation and renamed Derby Grey Ltd) for development contributions on 12 units in Worcester St, Linwood.
Housing New Zealand (HNZ) bought the units last year for $4 million.
Global Developments is part of the Global Homes Group connected to Auckland businessman John Edward Clancy.
English-born John Edward Clancy heads a troubled building group in Christchurch
The council has now liquidated another company in the group. Global Developments 511 Madras Street Ltd was put into liquidation on July 10 by the High Court in Auckland
The company owes the council $35,416 for a building consent and the council spent another $2000 putting the company into liquidation………
In addition, the Companies Office has started an investigation into allegations Global company documents submitted for registration in the Companies office are incorrect.
Under the Companies Act, directors and shareholders must give their correct residential addresses for certain documents.
Clancy appears to have entered the address of his business premises as his residential address. His Auckland accountant, Richard Somerville, who is a director of a trustee company holding shares in the Global group, appears to have done the same.
Somerville said he was vacating his role with the Global group and would be approaching the Companies Office about the alleged irregularities.
Clancy could not be contacted.
A spokesman for the Companies Office said the allegations about the document irregularities made by the Society for the Promotion of Community Standards [“SPCS”] were being investigated.
“Where non-compliance is identified the Companies Office undertakes administrative action to obtain compliance,” he said.
Prosecution would be considered in exceptional cases, the spokesman said.