Blue Chip related stuff here, please.

[revdev]

Pass me the soap..

Death by Bongo maybe? Bongo Joke

G

[Davo36]

That's an oldie but a goodie revdev!

Bring back the stocks I reckon. Let us jeer him, throw rotten eggs and tomatoes at him. That could perhaps be followed by a public flogging. We'd have much less corporate corruption after that I reckon.

David

[muppet]

Blue Chip Bryers facing new charges

Blue Chip Bryers facing new charges

3:45PM Tuesday Aug 25, 2009

Mark Bryers, appearing in the Auckland District Court earlier this year. Photo / Herald on Sunday.


Blue Chip co-founder Mark Bryers is facing four new charges in relation to Northern Crest Investments Limited.
The Ministry of Economic Development has laid four new charges against Bryers, bringing the total to 73.
The new charges are: Financial statements not completed and signed, Group financial statements not completed and signed, Financial statements not audited and Financial statements not delivered to Registrar for registration.
Last Friday Bryers pleaded guilty to three charges in relation to the collapse of his multi-million dollar empire.
An estimated 2000 investors lost around $80 million after 22 Blue Chip-related companies failed.
Bryers pleaded guilty in the Auckland District Court to charges of failing to keep adequate records and failure to attend a watershed meeting for the Swordfish Lodge resort on the Whangaparaoa Peninsula, north of Auckland.
He also pleaded guilty to a charge of failing to attend a meeting for creditors for the Bribanc property group.
In exchange for Bryers' guilty pleas the Ministry of Economic Development dropped four charges against him.
As well as the new charges laid today, Bryers faces a further 69 criminal charges to do with Blue Chip-related companies lay by the Ministry.
Bryers entered pleas of not guilty to those charges and a status hearing has been set down for October 23.
He has been remanded on bail to his home in Sydney.
- NZ HERALD STAFF

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10593093

[captaincrab]

Has anyone heard what Mac Bycroft and freinds are up to now.

I bet shivers went down their collective spines when they read Genworth had commenced an investigation into the way the mtge applications were all changed to match GE criteria and deceive GE and Genworth.

[muppet]

Bryers faces 73 charges

By ADRIAN CHANG - The Dominion Post Last updated 07:16 26/08/2009


After failing to liquidate the sole surviving Blue Chip investment vehicle, Northern Crest Investments, this year, the Companies Office is having a crack at its founder, Mark Bryers.
Its National Enforcement Unit brought four criminal charges against Bryers yesterday for alleged breaches of the Financial Reporting Act 1993 in relation to his time as director of Northern Crest. He stepped down as a director on June 5.
The charges relate to financial statements not completed and signed, group financial statements not completed and signed, financial statements not audited and financial statements not delivered to the Registrar of Companies for registration.
In April the Companies Office sought a court-ordered liquidation of Northern Crest on the grounds that it was insolvent and had persistently failed to provide company records to the Companies Office. However, Justice Peter Christiansen, in the High Court at Auckland, rejected liquidation, after Bryers stepped down as sole director.
Northern Crest has been suspended from trading on the Australian Stock Exchange since 2008, though directors said at the annual meeting last month that they planned to shift registration to Australia and relist.
The four new charges add to 69 Bryers already faces in relation to his failed property investment empire, Blue Chip. It collapsed early last year, owing thousands of Kiwis more than $84 million.
The matter has been adjourned with the other charges Bryers faces to October 23, for a status hearing.
Last Friday Bryers pleaded guilty to three charges in relation to breaches of the Companies Act 1993, one of which carries a possible jail term for a maximum of two years.

http://www.stuff.co.nz/business/industries/2800057/Bryers-faces-73-charges

[muppet]

Bryers’ Matapia property on the block

Bryers’ Matapia property on the block

Chris Hutching | Monday August 31 2009 - 04:19pm
A 2.4ha block of land called the Matapia Block, owned by Blue Chip property empire founder Mark Bryers, is being marketed by Bayleys in a mortgagee sale.
The land was not part of the Blue Chip empire but was privately owned by Mr Bryers who last week faced a raft of charges in the Auckland High Court of failing to provide financial records of various companies.
He had planned to transform the vacant Matapia Block into a 200-bed, five star resort hotel and residential development flanking the Gulf Harbour Country Club and Golf Course on the Whangaparaoa Peninsula north of Auckland.
Bayleys is handling the sale on instructions from receivers Deloitte, acting on behalf of the mortgagee FP Holdings (in receivership). Tenders close on 17 September.
The freehold vacant site is in two titles and is located on the eastern side of Pinecrest Drive at the intersection of Gulf Harbour Drive and approximately 300 metres south of the town centre.
Michael Pleciak and Ben Bayley of Bayleys Auckland are handling the sale with Bruce Truscott of Bayleys Orewa.
Mr Bryers was granted approved comprehensive development plans and resource consent in 2007 for the planned resort hotel with conference facilities, a restaurant and cafe and 45 residential villas.
The site is governed by the Rodney District Council proposed district plan 2000 and the site falls within the Special 18 Gulf Harbour Zone, Marine Village Residential Policy Area, Precinct 2 – Country Club Village.
Gulf Harbour Marina has 1000 berths for vessels up to 22 metres. A planned Hobbs’ Wharf and associated waterfront development for the eastern side of the Gulf Harbour Marina – formerly known as the Eastern Boat Harbour – is set to provide further facilities for residents and visitors.
The development includes 2000sq m of retail, restaurants and cafes along with 1000sq m of office space and 100 hotel rooms.

http://www.nbr.co.nz/article/bryers-matapia-property-block-109552

[muppet]

Olly's latest newsletter....

Blue Chip and Mark Bryers

Olly Newland's Column, 1 September 2009





It's worth reading an article that appeared in the National Business Review on Friday 28 August 2009 (link here).

For those that have followed this story or know victims who have suffered from the activities of Blue Chip and Mark Bryers, the slow emergence of justice and retribution must make grimly sweet reading indeed.
I became involved with Blue Chip in late 2007 when a new client came to my office complaining that the interest on his home loan had not been paid by Blue Chip as had been agreed. This statement startled me and so I agreed to look through the mountain of paper work that was dumped on my desk.
Several weeks of intensive study -- and personal meetings with Bryers and his cohorts -- convinced me that there was something seriously amiss. By January 2008 I was sure.
With the able assistance of my colleagues, I put together a large flow chart and analysis of what I believed to be "scam" deals -- covering scores of shonky properties with dubious valuations, crooked lawyers, bent accountants not to mention various Blue Chip executives that must have all been asleep at the wheel for a long time.
Into this unholy mix went negligent money lenders and reckless mortgage brokers so as to create a noxious brew that poisoned everyone who came in contact with it.
The sorts of deals that were uncovered would make a grown man weep.
The were many instances of large deposits paid on non-existent properties. There were examples of properties that had been sold twice, and even, it seemed, three times. There were a large numbers of properties where no Code Compliance Certificate had been issued -- but had still been settled in whole or part.
There were letters from Blue Chip top executives assuring investors that their deposits were insured -- when subsequent investigation showed they were not.
One of the worst breaches of faith, in my opinion, was the existence of a make-believe 'Trust Account' -- complete with deposit slips so labelled -- into which deposits were paid by investors.

Read the rest at http://www.empowereducation.com/Olly_column_1Sept09.bz

[Brutus]

Brylcream Bryers







We should change "Brylcream" to "Vaseline" - now Bryers is a convicted felon
he will need plenty of vaseline whilst in prison - they say you come out walking as though you have been sitting on a broom stick. He sure wont be anal rententive anymore - we may be able to call him "AJAX" Bryers.

[Brutus]

Mark "Vaseline" Bryers Blue Chip package

Did you know Honest Mark was paid over $500,000 salary a year AND leased three cars valued over a $1 million??

He spent $2 million of company money on his house - now under mortgagee sale.

He is soon to be bankrupt to Westpac for $11 odd million.

[MGSA]

Brutis

Please take a deep breath and go fore a nice walk.What goes around will come around.I hope.

[Matt Gilligan]

Matt Gilligan Bankrupting Mark Bryers: Attention Bluechip Victims

Attention Bluechip Victims

Thought you might find it interesting that I have a petiton to bankrupt Mark Bryers before the high court on 8 October 2009 at 10.45am.

http://www.gra.co.nz/download/Summons_to_Debtor.pdf

It is more than likely I will roll him on that date, unless he pays ( unlikely).

There are a queue of creditors behind me wanting to nail him including Wespac, but I'm first in line to get his scalp it seems.

[donna]

Thanks for letting us know - there will be lots of interest here on how you get on Matthew.

cheers,

Donna

[spaceman]

???????

Attention Bluechip Victims

Thought you might find it interesting that I have a petiton to bankrupt Mark Bryers before the high court on 8 October 2009 at 10.45am.

http://www.gra.co.nz/download/Summons_to_Debtor.pdf

It is more than likely I will roll him on that date, unless he pays ( unlikely).

There are a queue of creditors behind me wanting to nail him including Wespac, but I'm first in line to get his scalp it seems.

If you don't mind ...... how did you get to be first???? ..... I thought there would have been a whole heap of people trying to be at the head of that line.

Cheers
Spaceman

[Keys]

Smelled a rat sooner than most?

Didn't believe the assurances given?

Started the correct proceedings as soon as it was possible?

Nil concept of leinancy for defaulters?

Something else?

[Matt Gilligan]

Smelled a rat sooner than most?

Didn't believe the assurances given?

Started the correct proceedings as soon as it was possible?

Nil concept of leinancy for defaulters?

Something else?

Didn't believe the assurances given?
Correct

Started the correct proceedings as soon as it was possible?
Correct

Nil concept of leinancy for defaulters?
Correct


I went for the jugular and did not take offers to settle or fake promises as anything other than than delay tactics & nonsense.

He will pay me at the 11th hour, or attempt to stike out the petition at the 11th hour with a nonsense arguement ( will be tough for him to try this but its always possible), or her will ROLL.

Then I will seek enforcement in Australia and whereever else he moves.