Miten poliitikot tekivät miljoonansa
laittomailla hakkuilla....
How Politicians Made Their Millions From Illegal Logging
It’s part of the core of the corruption that plagues the region
George Speight, a part-Fijian businessman now serving a life jail sentence for being the coup’s front man, claimed to be the saviour of the Fijian race from alien domination‹in this case the descendants of immigrants from India, who are about 42 percent of Fiji’s population.
(http://www.pacificmagazine.net/issue/2003/02/01/how-politicians-made-their-millions-from-illegal-logging)
FIJI PAPERS QUESTION THE 'PRICE OF TREASON'
SUVA (Pasifik Nius): Fiji's Daily Post today challenged whether justice handed out over the George Speight attempted coup was a deterrent while the press counted the cost of treason.
And the Fiji Times warned that the ordeal was not over yet.
Coup front man George Speight, a near bankrupt businessman, was given a mandatory death sentence for treason that was within hours commuted to life imprisonment.
(http://www.scoop.co.nz/stories/WO0202/S00084.htm)
The attempted coup leader George Speight was reportedly director of the Wattle Group, an Australian investment company, which siphoned millions of dollars from the Australian police, Fiji citizens and life savings.
(http://www.usp.ac.fj/journ/docs/news/coup5.html)
PYRAMID SELLING SCHEMES
Unfortunately, many people still believe that pyramid schemes are harmless. They say that people behind those schemes are simply trying to help others make money. Some pyramid scheme organisers have even been portrayed as moral or spiritual leaders in the community. Nothing could be further from the truth. People organising pyramid schemes make money from their relatives, friends and neighbours. Pyramid schemes rely on an endless supply of people joining them. When the supply dries up, as it must, the majority of the participants simply lose their money. The organisers, of course, are never out of pocket because they are long gone. One example graphically illustrates the kind of person behind pyramid schemes. Over the past couple of years the Queensland-based Wattle Group fleeced $165 million from Australian families. Some $21 million of that money came from New South Wales. That included 406 Sydney people and 145 rural investors, mostly from the North Coast of the State
It is worth asking, "Who are the type of people involved in these schemes?" The principal of the Wattle Group scheme is a fellow called Geoffrey Dexter. Today I can reveal that he was closely associated with the infamous George Speight, who is trampling on democracy in Fiji. When Speight lived in Brisbane, he referred 20 people to the Wattle Group, and they invested $700,000. However, Speight claimed 2 per cent off the top of that for his work as a middleman. When the Wattle scheme collapsed, investors referred by Speight got about 4¢ in the dollar, if that. That criminal got away scot-free. The Australian Securities and Investments Commission was left to unravel the mess. It is still doing so. I can advise the House that Geoffrey Dexter is appearing in Brisbane court on 22 June in an Australian Securities and Investment Commission prosecution. It is frightening to think that pyramid schemes are run by people like George Speight. I am sure honourable members of this House will want to make sure their constituents are not fleeced by conmen like this. Hopefully, the revelation that this is the sort of person who is deeply involved in these schemes will mean families across the State will think twice about handing over their hard-earned cash.
(http://www.parliament.nsw.gov.au/prod/parlment/hansart.nsf/V3Key/LA20000607017)
Wattle administrators plead guilty
Mr William Ross Jackson, a director of Brisbane-based Spectrum Fund Administration Pty Ltd, has pleaded guilty in the Brisbane District Court to six charges of being knowingly concerned in the promotion of prescribed interests, in contravention of the Corporations Act.
The charges, which were brought by the Australian Securities and Investments Commission (ASIC), relate to six investors who lost approximately $178,108 invested in the failed Wattle Scheme. Spectrum Fund Administration Pty Ltd received trailing commissions from the Wattle Group of 30 per cent per annum on the funds it sourced from investors.
(http://fhnewcastle.com.au/newsite/media.php3?newsupdateID=98)
03-288 Wattle administrators sentenced (Friday 5 September 2003)
Mrs Anne Shirley Corbett, and Mr Robert Edward Corbett were today sentenced in the Brisbane District Court in relation to 48 charges of being knowingly concerned in the promotion of prescribed interests, in contravention of the Corporations Act.
(http://www.fido.gov.au/asic/asic.nsf/byheadline/03-288 Wattle administrators sentenced?openDocument)
Adelaide adviser sentenced (Friday 31 August 2007)
Former Adelaide-based investment adviser Mark Taylor was sentenced on Friday to 18 months imprisonment for deceiving investors.
The South Australian District Court charged Taylor with over 63 charges relating to the 1998 collapse of Queensland investment scheme, Wattle Group.
The investment scheme lost $1.2 million worth of investors' funds.
Taylor, who is a principal of gold miner Golconda Resources, had originally been bailed to appear before the South Australian District Court in early 2002 following an investigation by ASIC.
He skipped the country, however, and a warrant was issued for his arrest.
Authorities eventually tracked him down to Malaysia in January. He was taken to Australia and remanded in custody
(http://www.investordaily.com.au/archive/2914.xml)
Income tax: Investment in the Wattle Group (CR 2002/13)
What this Class Ruling is about
1. This Ruling sets out the Commissioner's opinion on the way in which the 'tax law(s)' identified below apply to the defined class of persons, who take part in the arrangement to which this Ruling relates.
(http://law.ato.gov.au/atolaw/view.htm?locid='CLR/CR200213/NAT/ATO'&PiT=99991231235958)
Aus: regulator warns of scam (Tuesday 21 March 2006)
The Australian Securities and Investments Commission (ASIC) today denounced as entirely bogus an email sent to people promising a share in millions of dollars lost years ago in a failed and illegal investment scheme.
"Richard Briggs, an investment lawyer based in the United Kingdom" claims in the email to have obtained AUD64 million belonging to people who had invested in the former Wattle investment scheme that ASIC closed down in 1998.
‘This email bears all the hallmarks of a typical advance fee fraud, where promises are made to unsuspecting people in order to extract various fees from them or, worse still, gain access to their bank accounts. Of course, the victims will never receive any money’, warned ASIC Executive Director of Consumer Protection, Mr Greg Tanzer.
(http://www.chiefofficers.net/888333888/cms/index.php/news/news/front_page/aus_regulator_warns_of_scam)
;)
Qld: Wattle okay until ASIC action, court told
AAP General News (Australia) 04-03-2001
BRISBANE, April 3 AAP - No-one had been losing money in the failed Wattle Group until
the Australian Securities and Investments Commission (ASIC) closed it down, a jury was
told today.
The Wattle Group's owner, Geoffrey Robert Dexter, 56, of Warner, in Brisbane's north,
has pleaded not guilty in the Queensland District Court to 48 fraud-related offences between
August 1995 and January 1998.
(http://www.encyclopedia.com/doc/1P1-43260157.html)
Wattel group, ponzi, MLM, pyramid... muutakin kuin Wattle -verkostomarkkinointia
http://www.skeptics.com.au/journal/1998/2.pdf
http://www.skeptics.com.au/journal/1998/4.pdf
http://www.skeptics.com.au/journal/1999/2.pdf
http://www.skeptics.com.au/journal/2000/1.pdf
http://www.skeptics.com.au/journal/2001/2.pdf
http://www.skeptics.com.au/journal/2001/4.pdf
laittomailla hakkuilla....
How Politicians Made Their Millions From Illegal Logging
It’s part of the core of the corruption that plagues the region
George Speight, a part-Fijian businessman now serving a life jail sentence for being the coup’s front man, claimed to be the saviour of the Fijian race from alien domination‹in this case the descendants of immigrants from India, who are about 42 percent of Fiji’s population.
(http://www.pacificmagazine.net/issue/2003/02/01/how-politicians-made-their-millions-from-illegal-logging)
FIJI PAPERS QUESTION THE 'PRICE OF TREASON'
SUVA (Pasifik Nius): Fiji's Daily Post today challenged whether justice handed out over the George Speight attempted coup was a deterrent while the press counted the cost of treason.
And the Fiji Times warned that the ordeal was not over yet.
Coup front man George Speight, a near bankrupt businessman, was given a mandatory death sentence for treason that was within hours commuted to life imprisonment.
(http://www.scoop.co.nz/stories/WO0202/S00084.htm)
The attempted coup leader George Speight was reportedly director of the Wattle Group, an Australian investment company, which siphoned millions of dollars from the Australian police, Fiji citizens and life savings.
(http://www.usp.ac.fj/journ/docs/news/coup5.html)
PYRAMID SELLING SCHEMES
Unfortunately, many people still believe that pyramid schemes are harmless. They say that people behind those schemes are simply trying to help others make money. Some pyramid scheme organisers have even been portrayed as moral or spiritual leaders in the community. Nothing could be further from the truth. People organising pyramid schemes make money from their relatives, friends and neighbours. Pyramid schemes rely on an endless supply of people joining them. When the supply dries up, as it must, the majority of the participants simply lose their money. The organisers, of course, are never out of pocket because they are long gone. One example graphically illustrates the kind of person behind pyramid schemes. Over the past couple of years the Queensland-based Wattle Group fleeced $165 million from Australian families. Some $21 million of that money came from New South Wales. That included 406 Sydney people and 145 rural investors, mostly from the North Coast of the State
It is worth asking, "Who are the type of people involved in these schemes?" The principal of the Wattle Group scheme is a fellow called Geoffrey Dexter. Today I can reveal that he was closely associated with the infamous George Speight, who is trampling on democracy in Fiji. When Speight lived in Brisbane, he referred 20 people to the Wattle Group, and they invested $700,000. However, Speight claimed 2 per cent off the top of that for his work as a middleman. When the Wattle scheme collapsed, investors referred by Speight got about 4¢ in the dollar, if that. That criminal got away scot-free. The Australian Securities and Investments Commission was left to unravel the mess. It is still doing so. I can advise the House that Geoffrey Dexter is appearing in Brisbane court on 22 June in an Australian Securities and Investment Commission prosecution. It is frightening to think that pyramid schemes are run by people like George Speight. I am sure honourable members of this House will want to make sure their constituents are not fleeced by conmen like this. Hopefully, the revelation that this is the sort of person who is deeply involved in these schemes will mean families across the State will think twice about handing over their hard-earned cash.
(http://www.parliament.nsw.gov.au/prod/parlment/hansart.nsf/V3Key/LA20000607017)
Wattle administrators plead guilty
Mr William Ross Jackson, a director of Brisbane-based Spectrum Fund Administration Pty Ltd, has pleaded guilty in the Brisbane District Court to six charges of being knowingly concerned in the promotion of prescribed interests, in contravention of the Corporations Act.
The charges, which were brought by the Australian Securities and Investments Commission (ASIC), relate to six investors who lost approximately $178,108 invested in the failed Wattle Scheme. Spectrum Fund Administration Pty Ltd received trailing commissions from the Wattle Group of 30 per cent per annum on the funds it sourced from investors.
(http://fhnewcastle.com.au/newsite/media.php3?newsupdateID=98)
03-288 Wattle administrators sentenced (Friday 5 September 2003)
Mrs Anne Shirley Corbett, and Mr Robert Edward Corbett were today sentenced in the Brisbane District Court in relation to 48 charges of being knowingly concerned in the promotion of prescribed interests, in contravention of the Corporations Act.
(http://www.fido.gov.au/asic/asic.nsf/byheadline/03-288 Wattle administrators sentenced?openDocument)
Adelaide adviser sentenced (Friday 31 August 2007)
Former Adelaide-based investment adviser Mark Taylor was sentenced on Friday to 18 months imprisonment for deceiving investors.
The South Australian District Court charged Taylor with over 63 charges relating to the 1998 collapse of Queensland investment scheme, Wattle Group.
The investment scheme lost $1.2 million worth of investors' funds.
Taylor, who is a principal of gold miner Golconda Resources, had originally been bailed to appear before the South Australian District Court in early 2002 following an investigation by ASIC.
He skipped the country, however, and a warrant was issued for his arrest.
Authorities eventually tracked him down to Malaysia in January. He was taken to Australia and remanded in custody
(http://www.investordaily.com.au/archive/2914.xml)
Income tax: Investment in the Wattle Group (CR 2002/13)
What this Class Ruling is about
1. This Ruling sets out the Commissioner's opinion on the way in which the 'tax law(s)' identified below apply to the defined class of persons, who take part in the arrangement to which this Ruling relates.
(http://law.ato.gov.au/atolaw/view.htm?locid='CLR/CR200213/NAT/ATO'&PiT=99991231235958)
Aus: regulator warns of scam (Tuesday 21 March 2006)
The Australian Securities and Investments Commission (ASIC) today denounced as entirely bogus an email sent to people promising a share in millions of dollars lost years ago in a failed and illegal investment scheme.
"Richard Briggs, an investment lawyer based in the United Kingdom" claims in the email to have obtained AUD64 million belonging to people who had invested in the former Wattle investment scheme that ASIC closed down in 1998.
‘This email bears all the hallmarks of a typical advance fee fraud, where promises are made to unsuspecting people in order to extract various fees from them or, worse still, gain access to their bank accounts. Of course, the victims will never receive any money’, warned ASIC Executive Director of Consumer Protection, Mr Greg Tanzer.
(http://www.chiefofficers.net/888333888/cms/index.php/news/news/front_page/aus_regulator_warns_of_scam)
;)
Qld: Wattle okay until ASIC action, court told
AAP General News (Australia) 04-03-2001
BRISBANE, April 3 AAP - No-one had been losing money in the failed Wattle Group until
the Australian Securities and Investments Commission (ASIC) closed it down, a jury was
told today.
The Wattle Group's owner, Geoffrey Robert Dexter, 56, of Warner, in Brisbane's north,
has pleaded not guilty in the Queensland District Court to 48 fraud-related offences between
August 1995 and January 1998.
(http://www.encyclopedia.com/doc/1P1-43260157.html)
Wattel group, ponzi, MLM, pyramid... muutakin kuin Wattle -verkostomarkkinointia
http://www.skeptics.com.au/journal/1998/2.pdf
http://www.skeptics.com.au/journal/1998/4.pdf
http://www.skeptics.com.au/journal/1999/2.pdf
http://www.skeptics.com.au/journal/2000/1.pdf
http://www.skeptics.com.au/journal/2001/2.pdf
http://www.skeptics.com.au/journal/2001/4.pdf
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