FORMAL COMPLAINT TO REGISTRAR OF COMPANIES:
RE: Company Directors David Bruce Crow and Stephen (Steve) Peter Crow
Companies Act 1993 and Enforcement Issues
Potentially dangerous gaps in New Zealand’s company registration system have been revealed as an investigation continues by the Society into the operations of a number of NZ registered companies owned by a US-registered corporation, as well as the activities of its Principal and registered agent who directs the NZ companies. A NZ-based co-director of one of his other companies is also under investigation.
Porn King Steve Crow, Vixen Direct Ltd, Phoenix Companies and Criminal Sanctions
The Companies Act 1993 defines a phoenix company as being, in relation to a failed company, a company that at any time before or within five years after the commencement of the liquidation of a failed company, is known by a name that is also a pre-liquidation name of a failed company or is a similar name. When phoenix company arrangements are established in which the new company created bears a similar name, similar assets and similar management structure to a failed company, the purposes of such companies are usually part of a scheme either to circumvent obligations to creditors of the failed company (avoid debts owed) or to mislead the public into believing they are dealing with the same entity as previous, possibly as part of an attempt to mislead creditors of the previous company.
ASB Showgrounds host Porn Promo Sleaze and Steve Crow’s Insolvent Erotica Expo
The Society has raised serious concerns directly with ASB Showgrounds CEO Mark Frankham and his management team over their decision to allow the venue to be hired by an insolvent hardcore porn promo company – Erotica Expo Ltd – that was placed into liquidation on 27 May 2009 under the name Malibu Media Ltd. In a hostile move designed to stiffle freedom of expression, its former director Porn King Steve Crow threatens to throw any person out of the porn sleaze ASB venue who dares to record any image using a camera, video or pxt phone; and threatens to strip them of any electronic device film/memory card, should such images be recorded. The Society’s letter has yet to be answered by the management board which the Society has been informed has met to consider its concerns and will do so again on Monday next week. Management will be aware that it is a serious breach of the Companies Act 1993 for a company director to attempt to carry on trading when his company is in liquidation and/or use the name of an unregistered company for the purposes of trading. The Society’s letter to ASB Showground management is set out below.
ASB Showgrounds, Erotica Expo Ltd in Liquidation & Role of Porn King Steve Crow
The ASB Showgrounds in Auckland has allowed a failed hardcore porn company that has been declared insolvent and consequently placed into liquidation on 27 May 2009, to organise a three-day porn promotion sleaze event where all cameras, videos and ptx phones are banned.
(see: http://www.bvents.com/event/166191-erotica-lifestyles-expo ).
Any person[s] found within the venue taking video or still images will immediately be thrown out from the porn fest says big boss Porn King Stephen Peter Crow (Steve Crow) and all images recorded will be forcibly removed.
The Society is asking: Why has ASB Showgrounds management allowed a company in liquidation to enter into such an arrangement? Some media commentators predict it will attract no more than a few hundred people with a sexual dysfunction or those seeking titillation from porn sleaze and extravagantly priced sex toys or seeking AIDS for the impotent or promiscuous.
Liquidator, Lloyd Hayward of Accountants Meltzer Mason and Heath, in his report dated 3 June 2009 and available on the Companies website, states that Malibu Media Ltd (In Liq) (formerly Erotica Expo Ltd) owes unsecured creditors and shareholders $145,665 and $18,649 to IRD. He reports that the company Steve Crow directed failed mainly because of very poor attendances at the most recent Erotica Lifestyles Expos held in Wellington and Christchurch (see Co. No. 1275425 www.companies.govt.nz). These debts together with those of three other porn companies that were directed by Steve Crow, all of which have been placed into liquidation, amount to over 1.3 million dollars. The Liquidator has confirmed that there is nothing left for creditors.
Currently there is no registered company by the name “Erotica Expo Ltd”. Crow changed the name of the company he directed – Erotica Expo Ltd (Co. No.1275425) – to Malibu Media Ltd, on 1 May 2009, one month before it was placed in liquidation; no doubt to try and hide the financial failure being linked to the brand name “Erotica Expo Ltd” which he continues to use in breach of the Companies Act 1993.