SPCS

SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.

Creditor fury over debt-ridden directors David and Steve Crow of Buildwise Ltd (In Liq) and 435 Devon St Ltd

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Creditor fury at Crow show. By Rob Maetzig – Taranaki Daily News 29/08/09

A group of businessmen are furious the Taranaki Chamber of Commerce helped allow a debt-ridden man to be involved in a presentation on a major commercial development project for New Plymouth.

David Crow is the director of Buildwise Ltd, an Inglewood building company that has been placed into liquidation owing several hundred thousand dollars to at least 57 creditors, most from Taranaki. On Wednesday night he fronted up with his brother Steve at a Taranaki Chamber of Commerce function to give a presentation on multi-million dollar development plans for the New Plymouth RSA property.

The pair bought the premises for $1.9 million in July last year and are planning a $20 million commercial development called the Te Ara Complex. This has infuriated several business owners who are owed large amounts of money by Buildwise.

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Porn King Steve Crow Double Crosses RSA Members over Erotica Lifestyles Expo venue – RSA stalwarts ‘turn in their graves’

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Porn King Steve Crow was a guest speaker at the Taranaki Chamber of Commerce Business After 5 function at the New Plymouth RSA on Wednesday 26th August 2009. It appears that he failed to tell the whole truth when he told more than 100 people in attendance that the RSA Strandon Clubrooms at 435 Devon Street East, purchased by a company of which he is the major shareholder (50%) and was co-director of up until his resignation on 12 November 2008, would never be used for “anything at all to do with the sex industry”. However, since the 27th of August he has been advertising the “Te Ara Centre” (the new title he has given to the RSA Clubrooms), as the venue for his forthcoming three day Sleaze Porn Promo Show in November, which he markets as Erotica Lifestyles Expo via a website. His risible claims of honest transparency with RSA members and the business community were quoted in the Taranaki Daily News:

“Let’s firstly put a few rumours to bed, and then explain what our plans are for this beautiful site. What we are not doing is converting the place into a brothel, or a strip club, or an adult shop, or anything at all to do with the sex industry… And the Crows are also not taking all the money out of the project. Now that’s a real joke. The fact is we’ve already put a lot of money into this project, and we have committed a lot more.”

Photo: Stuff News

Stephen Peter Crow (Steve Crow), [photo above] his brother David Bruce Crow [top right] and wife Carolyn Rose Crow, are all part of a business partnership – 435 Devon Limited (Co. No. 1951732) – that bought the RSA’s property for $1.9 million when both men were directors.

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Company Directors Porn King Steve Crow and Dermott Malley, Porn Industry, Truth Weekly Tabloid, share transfer and company liquidation

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Porn King Steve Crow was appointed co-director on 8 December 2005 of a company directed by Dermott Malley, and Linzi Frances Malley – Computer Shopper (NZ) Ltd (Co. No. 514464) – that is now in liquidation. According to the Liquidator’s Report dated 28 May 2009, it owes $163,550 to Second Ranking Preferential Creditor – the IRD – and $262,528 to over 40 unsecured creditors, with other debts yet to be assessed.

Dermott Malley and his wife were directors of the company from 14 May 1992 to 1 September 2006 and Stephen Peter Crow (Steve Crow) served with them as co-director for 11 months before becoming sole director after they resigned. Under Crow’s leadership the company became insolvent and Crow recommended to shareholders, that it be placed into liquidation on 27 May 2009. The Company is 100% owned by CVC Group Ltd (Co. No. 1738154), of which Crow is currently one of three directors and Dermott Malley is a former director (see below).

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Good News: Steve Crow – his porn empire shrivels

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Media Release: 11 July 2009 (updated)

No. 1 Story http://business.scoop.co.nz/2009/07/13/update-on-steve-crow-and-porn-empire-collapse/

“I’m quite happy for you to call me a pornographer [and] a sleazeball, whatever you want to call me. But keep it factual.” Steve Crow (Quoted in NZ Listener 2004).

FOUR of Steve Crow’s porn companies of which he was sole director have gone belly up. Critics of his hard-core putrid porn promotion will be crowing loudly, but creditors, including about 30 New Zealand companies, will not be. The shrivelling of his now anaemic porno empire has left him impotent he claims to recompense any of his many unsecured creditors who are owed at least $714,000. In addition his companies owe at least $323,753 to the IRD. The debt will probably increase once the final liquidator’s reports are completed.

Crow says ‘I don’t have any obligation to recompense creditors of the liquidated companies” (Dominion Post 8/07/09). On TV One’s Close Up “Porn Industry Going Bust?” – he tried to downplay the debts, saying that most of the money was owed to creditors outside New Zealand who were still acting benevolently towards him. Surrounded by busty porn stars and with his new girfriend Rachel Whitewell at his side, his message was – its business or bust!

Lloyd J. Hayward of accountants Meltzer Mason Heath is the liquidator appointed for all of his three failed companies.

The first company, Vixen Direct Ltd, an importer and distributor of hard-core porno sleaze, had its name changed by Crow on 1 May 2009 to Z4K74D Ltd (Co. No. 514464), just before the liquidator was appointed on 27 May 2009. [Read more…]