SPCS

SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.

Computer South Ltd – Removal Notice Marks $16.9 Million dollar Fraud Fiasco

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Convicted fraudster Michael Andrew Swann, who together with his convicted accomplice Kerry Gray Harford, defrauded the Otago District Health Board of $16.9 Million over six years (2000-2006), ran Computer South Ltd as his personal de facto bank account for the laundering of money obtained by fraud from the DHB, despite the fact he held no office in the company and held no shares. (As a convicted bankrupt he was unable to hold shares in or direct any company).

Mr Swann’s close friend Peter Bruce Bruce Ibbotson, a plumber of Warrington, was put in place as director when the company was incorporated in 1997. In the Dunedin High Court where Swann faced charges for fraud, Ibbotson admitted that he had had almost no involvement (2000-2006) in any management of governance aspect of Computer South Ltd, a company which the Serious Fraud Office reported owned no assets, employed no staff, filed no tax returns, and was controlled by Swann rather than listed “director” Peter Ibbotson.

 A Notice of intention to remove Computer South Ltd from the Register of Companies under section 318(1)(b) of the Companies Act 1993, was issued by Mr Neville Harris, the Registrar, on 25 November 2010. [Read more…]

Michael Swann, Checketts McKay Law, Fraud and Otago DHB’s missing $6 Million: Report

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The Serious Fraud Office (SFO) said it was “very pleased” when on March 12 2009 the two perpetrators of the largest fraud ever carried out by a state employee against a New Zealand government institution – the vulnerable Otago District Hospital Board (ODH) – were sentenced in the Dunedin High Court to lengthy prison terms. Both had been convicted by jury trial on 5 December 2008 of criminal intent to defraud the ODHB of $16.9 million using false documents.

The SFO described the $15.2 million fraud committed by the primary offender, former bankrupt Michael Andrew Swann, as the largest ever successfully prosecuted involving an individual person. Swann was sentenced to nine and a half years jail and his accomplice Kerry Gray Harford, to four years three months jail. [Read more…]

Judge Reserves May Wang decision – NZPA

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A judge has reserved her decision on whether or not to bankrupt May Wang, the woman fronting the bid to buy 16 former Crafar dairy farms following the collapse of Dynasty Group. A case was brought by Inland Revenue and resulted in a four-day hearing in the High Court at Auckland, which concluded today [Tuesday 9 Nov]. [Read more…]

Porn king Steve Crow’s assets and bankruptcy considerations

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PORN KING’S ASSETS. The Sydney Morning Herald 26 August 2010

The Kiwi porn baron Steve Crow has said he would consider bankruptcy in a bid to get a major Australian supplier of sex toys and DVDs off his back. Crow, who defended himself in the High Court in Auckland yesterday is challenging a judgment of $39,000 owed to Calvista Australia. Calvista says it’s owed for goods supplied to Crow’s companies in New Zealand. Crow said Calvista had revived an old Vixen Direct account – one of his companies – after no dealings with him for six years. The Dominion Post reports that Crow, who is behind the annual Boobs on Bikes parade and Erotica Expo, was this year banned from directing or managing a company for four years. ”I do not have $39,000 in a bank account. I have assets many, many times that,” Crow said. ”The only issue is if I’m unsuccessful in this appeal … I would have to liquidate assets. The other choice is to bankrupt myself.”

http://www.smh.com.au/national/the-diary/a-latin-lover-is-good-for-alibi-20100825-13s8o.html [Read more…]