Stephen (Steve) Peter Crow remains listed on the Companies Office website as the sole director of two porn companies – Vixen Publications Ltd and Sidefx Ltd, despite the fact that he was banned from directing any company for four years by the Ministry of Economic Development (MED) – effective from 16 April 2010. Mr Crow was personally served with the banning order by the National Enforcement Unit (NEU) of the MED on the 14 May as reported on TV 3 News Nightline (19 May) and resigned on 15 May as director from all four of the companies he directed, including the two named above. However, the management and shareholders of Vixen Publications Ltd and Sidefx Ltd have failed to appoint a replacement director within 20 working days of the banning order, as is required under the Companies Act 1993. The NEU has therefore given both companies until 5 pm today (Thursday 12 August) to appoint a new director. If they fail to do so the Companies Office will take immediate steps to remove the companies from the register.
It is not surprising that Steve Crow tried to give away $250,000 of porn DVD vouchers yesterday in his Queen Street lunchtime porn parade that was approved by a permit issued to him and his brother David Bruce Crow by the Auckland City Council, as a representatives of Eden Digital Ltd. With the imminent removal of Vixen Publications Ltd and Sidefx Ltd from the Register of Companies, an action which cannot occur without all their creditors being notified, it would appear to be in Crow’s interests to dispose of these company’s porn assets by a transfer to Eden Digital Ltd. However, if the porn DVDs being given away are indeed the property of Eden Digital Ltd, then how come a banned director is organising a very public promo for Erotica Lifestyles Expo on behalf of Eden Digital Ltd and giving away $250,000 of products from that same company?
The porn stars, Eden Digital Ltd employees and hangers-on giving away the porn vouchers yesterday, did so in deliberate violation of the Auckland City Council permit restrictions and by-laws that allowed them to run the street event. As they are illegal vouchers it is pointless for any member of the public to try and redeem them at the forthcoming Erotica Lifestyles Expo run by Steve Crow, because a strong police presence is expected, to ensure the R18 restrictions are enforced at the entry point to the event and monitor the sex acts to be performed within. They will be able to observe any illegal disposal of $250,000 of hardcore porn by Mr Crow. With the extensive CCTV monitoring of the entire ASB Showgrounds, as put in place by Eden Digital Ltd, it would be very unwise for so-called red blooded kiwi males or anyone else to try to use these illegal vouchers. Police are entitled to seize CCTV footage at any time.
View video of Banning Order and Steve Crow threatening to take MED to the High Court to reverse the ban.
http://www.3news.co.nz/Steve-Crow-banned-as-company-director/tabid/728/articleID/156605/Default.aspx
See:
Porn industry going bust?
Close Up speaks to porn magnate Steve Crow about his crumbling business empire and plans for the future
http://tvnz.co.nz/close-up/porn-industry-going-bust-2835557/video
Published: 8:28PM Wednesday July 08, 2009 Source: Close Up
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