SPCS

SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.

John Malcolm Carr – Porn Company Director linked to Steve Crow misses Court

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American Director misses Court date – by Michael Field – Stuff News. 12/08/2010

An American company director facing eight charges under the Financial Reporting Act failed to appear in the Auckland District Court yesterday [11 August]

The charges were laid by the Ministry of Economic Development (MED) enforcement unit against John Malcolm Carr [see photo links below], whose date of birth is listed as unknown. His address was given as a Remuera, Auckland, apartment but MED says it has not been able to contact him there or at any stage in its inquiry into his activities. Unusually, Carr could not be located to serve summons on and they were received by his Cromwell lawyer, Alan [Bevan] McKay [partner in Checketts McKay Law].

John M Carr CPA Pic

John Malcolm Carr CPA

Photo 1: http://www.carr.co.nz/images/jmc.jpg

Photo 2: http://www.bankler.com/AboutUs/JohnMCarr/tabid/130/Default.aspx

Photo 3: https://www.linkedin.com/in/johnmalcolmcarr

Carr’s company listings were first challenged by the Wellington based Society for the Promotion of Community Standards who questioned the commercial relationship between Carr and pornographer Stephen Crow who runs the “boobs on bikes” parades. The two have shared directorships on companies. The society questioned whether MED was adequately monitoring the internet based company registration system.

The charges against Carr were laid in the District Court yesterday but Carr and Mr McKay were not present before the registrar. During a brief hearing Mr McKay contacted the court by email to advice that they would not be present and was granted an adjournment to appear before a judge on August 31.

He was charged with failing to submit financial reports for two years running over Velocity Partners, PJ Digital, First Virtual Deposit and Nominee and Shelf Company No 10.

[See John Carr’s Company relationships to Steve Crow’s porn companies on SPCS website]

If convicted on a charge Carr can be fined up to $100,000. Carr says on a website johnmcarr.com that he was born in the US but grew up in New Zealand. He claims that in 1995 as a director of New Zealand Petroleum he changed its direction to enter health care facilities for the elderly.

Shelf Company No 10 claims to have purchased 80 hectares of “iconic coast line” property in Pakiri, north of Auckland.

Source: http://www.stuff.co.nz/taranaki-daily-news/business/national-business/4017695/American-director-misses-court-date

Public need protection from directors with a history of unsuccessful ventures

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Section 385 of the Companies Act 1993 empowers the Ministry of Economic Development to ban company directors for up to five years who have a history of unsuccessful ventures. David Bruce Crow of Inglewood is sole director of Buildwise Ltd (In Liq) and also directs 435 Devon Ltd which faces imminent strike off from the Companies Office Register because of his failure to file the company’s annual return that was due on 30 April 2010. Here is yet another unsuccessful business venture involving one of the Crow brothers that appears soon to be hitting the proverbial fan and splattering its detritus and entrails around the legal and business community in New Plymouth. (Both David and Steve Crow were directors of 435 Devon Ltd when in purchased the New Plymouth RSA Devon Street property for $1.9M).

Unpaid creditors such as the  New Plymouth and District’s Returned and Services Association Inc. owed over $50,000 in unpaid interest on a $1.525 Million second mortgage and PMIT Nominees Ltd owed about two months interest on a $375,000 first mortgage they provided, could both well be left high and dry surrounded by detritus and debt entrails.

Conceptual Drawings adorn the 435 Devon Ltd website – seeking to paste a veneer over the vast cracks that hold the masonary of hubris and bravado together. Even a three year old -out-of-date – logo of an Architecture firm is affixed to each “concept plan” and the claim is made that ” The Architects are currently working on conceptual drawings with a number of options being considered”. One wonders if they have ever been paid. This firm has had no involvement in the project for about three years.

Stephen (Steve) Peter Crow who owns 50% of the shares of 435 Devon Ltd has claimed on national TV that hundreds of thousands of dollars of his and his brother’s money has been spent on architecture plans for the 435 Devon Street property that the company purchased for $1.9 Million. The planned Crow complex was called “Te Ara” (translated “The Pathway”). A better translation might well be, according to one local Maori elder: “The path to liquidation or receivership and a director’s banning”.

Warning to company directors responsible for reckless trading during insolvency

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For a company director to allow a company to continue to trade while it is insolvent is a breach of duty under section 135 or 136 of the Companies Act.  It is the duty of a Liquidator to report on any such reckless trading that is uncovered in the course of his or her efforts on behalf of creditors to recover any debts owed once the company is put into liquidation. The identification of reckless trading does give rise to possible civil action from creditors against the directors: creditors who may choose to seek reimbursement from the company for any shortfall in debts owed them. Consider a company that purchases a property for $1.9 million dollars, borrowing all the money to pay the purchase price. A director who finds that the company is unable to meet interest repayments on a first and second mortgage, should realise that a mortgagee sale is inevitable unless he can refinance the loan, source capital from elsewhere or gain assistance from a kindly tooth fairy. If however, the director allows debts to mount up for months due to unpaid interest and persists in carrying out trading operations throughout the period of insolvency, that would constitute reckless trading by the company, for which he is directly responsible. All income gained by the company over the period of insolvency would be subject to a rightful compensation claim be creditors via a civil action in the Court. If the company director failed to produce a credible record of company income deposited in a company bank account over this period, he would have committed an offence under the Companies Act 1993. Directors who fail to file an annual return after an extended period of such reckless trading, should be banned from being company directors. A director who through mismanagement allows two of more of his companies to be put into liquidation is more than likely to be banned as a director by the Ministry of Economic Development under s. 385 of the Companies Act 1993.

Stephen Peter Crow – Prohibition Dates for Banned Porn Company Director

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Stephen Peter Crow was listed today, 28 May, 2010, on the New Zealand Companies Office Website as a Banned Director and Manager of Companies, effective from 16 April 2010 and ending on 16 April 2014, due to his offences committed under section 385 of the Companies Act 1993. His residential address is listed as are the companies he has directed which were central to his offending. Two are still in liquidation and two have recently been struck off the register following the completion of liquidation proceedings. The disqualification number assigned to Mr Crow is No. 0010025. In clear breach of the banning order he remains sole director of three other companies HWGA Company Ltd, Vixen Publications Ltd and Sidefx Ltd.

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Another Porn CVC Group Ltd director quits – Only John Malcolm Carr left

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Media insiders are suggesting that the megalomaniacal managerial mantle of “Porn King” of New Zealand may now have migrated from Steve Crow to John Malcolm Carr CPA (see photo links). Why?

John Malcolm Carr CPA

John M Carr CPA of CarrConsultingPA

 

Photo 1: http://www.carr.co.nz/images/jmc.jpg

Photo 2: http://www.bankler.com/AboutUs/JohnMCarr/tabid/130/Default.aspx

Photo 3: https://www.linkedin.com/in/johnmalcolmcarr

Answer: Shirish Daddaram Vagal of Bucklands Beach Auckland has just resigned as director of porn ‘mother company’ CVC Group Ltd. The resignation was registered on the Companies Office website by Steve Crow on 19 May and made effective from 14 May 2010. Steve Crow who resigned as director on 15 May 2010 was served a banning order on Friday night 14 May, preventing him holding a company directorship for four years in Australia and/or New Zealand, issued by the Ministry of Economic Development. These two resignations leave John Malcolm Carr – in the proverbial sense – ‘holding the [porn] baby’ – as he is now the sole director of porn ‘mother company’ CVC Group Ltd and the sole director of hardcore porn company Eden Digital Ltd. (Mr Shirish Vagal and his wife Gulshan Shirish Vagal still own 180,000 shares in CVC Group Ltd).

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