It is time to call this fiasco what it is – a GIANT fraud. A Ponzi.
The Clarkes, Kenyon in particular, is calling out the FMA and PwC on his Instagram account.
What is he calling them out for? It is his pathetic echo chamber.
The recent successful “Strike Out” application by the FMA was ALWAYS going to be successful. The SFO is who should be helping Karl Linderman.
Who are these Remuera rental idiots kidding?
Watching the train wreck is in some ways hilarious, but also very sad for the $40M in investor funds that have evaporated to zero. If only the IPO had happened.
Whistle blowers – that is a long list.
We have attempted to contact Karl Linderman – to date he has not replied, but our advice is the same to you Karl – SFO! Your cash is long gone, you got defrauded.
The recent attempt to try and make the FMA an insurer is so misguided, it was a forgone conclusion what Blanchard J had to say.
Kenyon Clarke, for his part, is busy calling out the regulators, and PwC, but he provides no evidence of any wrong doing by any party who took over his “hopelessly insolvent” mess called Duval.
At one point his moron (Kenyon) stated he would “cost National the next election”. FFS really !
This site in inundated with tips and copies of documents that show what a mess Duval was… long before it was saved by Statutory Management.
On the subject of Statutory Management, let’s just think for a minute on how good it actually is.
Just imagine a whole lot of different liquidators being appointed by long suffering creditors to each entity, then all fighting for the purse of cross company loans and payments. Or trying to retrieve the jewellery payments !
The game is up.
