In the wake of the 2008 Global Financial Crisis (GFC), Kenyon Clarke was bankrupted after 12 of 27 companies he owned went into receivership.
Back then it was the Bank of Scotlands fault. Clarke, on many occasions has laid blame with the bank lender.
He estimates it cost him about $80m – although we are unsure how he arrives at that figure, and if the recent claim of his $400m net worth is anything to go by, he just made it up back in 2008 as well.
A lot of his life is ‘history repeating’.
We all know that Kenyon Clarke likes to lie, and likes to brag. His Instagram was documented proof of that.
He is a self confessed dole bludger, and sickness beneficiary, as he couldn’t be bothered working when he was a bankrupt – or was he working… maybe this is now the $250,000,000.00 question that needs an answer.
Soon after his first bankruptcy, Kenyon Clarke was quickly up and running with a $100m development in Manukau. Not bad for a self confessed dole bludging sickness beneficiary who could not be bothered working – this project is the much vaunted “Flagship” for Duval, which is now just a leaking mess, with plummeting apartment values, and a $16m plus debt hole that is likely to never be repaid.
Kenyon Clarke has openly said across many platforms about how he quickly emerged from bankruptcy into the world of property developing.
We also know that while he was a bankrupt, his now wife, Charlotte Clarke, with almost zero property development experience, was from an outsiders view, apparently in control of Duval (likely for optics) in the early days as her husband was a bankrupt, and we’ve seen other online commentary that suggests a close family member of Charlotte Clarke was the initial seed capital / equity investor who assisted in getting the Lakewood development (mess) off the ground.
That raises a few questions as to who really was running Duval from the start.
Was it being run by the bankrupt Kenyon Clarke?
Was it a ‘front’ for Kenyon Clarke?
Was Charlotte Clarke acting as his ’thrall’ and or ‘proxy’ to Kenyon Clarke?
Was the seed capital investor aiding and abetting a known bankrupt and banned director?
Was Charlotte Clarke aiding and abetting a known bankrupt and banned director?
It is a criminal offence to aide an abet, under s66 of the Crimes Act 1961, and there are multiple offences under the Insolvency Act 2006.
Was the OA asleep at the wheel during Kenyon Clarkes first bankruptcy?
