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  1. #21
    Join Date
    Jun 2005
    Location
    Mt Maunganui, NEW ZEALAND
    Posts
    1,463

    Default

    This looks like it could be the black eye suffered during the altercation. I hope the SFO wipe that smirk off his face with an extended holiday at the tax payers expense...

  2. #22
    Join Date
    Mar 2008
    Posts
    933

    Default

    Thanks for that link... Pretty much the same story but I still dont get it?

    People beg for loans so they can invest in get rich quick schemes and then when it doesnt work out its the lenders fault, the vendors fault, .. everyone but them is at fault?

    I am frankly sick of the 'poor me' dribble that has been evident over the past few years. It really pisses me off that I got stung as a taxpayer bailing out failed investors who a few years ago were laughing at me for not "mortgage your home to the hilt and invest in property man .. you cant lose.. I'm gonna make $ millions and I might let you sniff the exhaust pipe of my ferrari if ya lucky!"

    It hasnt helped that many Christchurch homeowners have alos jumped on the "poor me" wagon and demanded that the taxpayer make right every $ they might lose because they 'deserve' it.

    It has made me very cynical and angry. We live in a society where parents can just up and bet their home, security and families future on the roll of a dice knowing that if they win they will keep it all and if they lose I will bail them out so they can do it again cause it wasnt their fault!

    For a long time I had a high paying government job and I paid a lot of taxes, now in retirement I find that politians with no balls voted in by selfish electors, have wrecked a once proud and wealthy country and left me being told that I am no more that a guest in the country my grandfather died defending...

    I just pray that I live long enough to see some of the mayhem and destruction that will be the inevitable result of this unsustainable stupidity.

  3. #23
    Join Date
    Feb 2004
    Location
    Wellington
    Posts
    2,776

    Default

    Somebody needs a hug

    Cheers
    Spaceman
    Delightfully in need of some Tender Loving Care
    Blessed are those who can give without remembering and take without forgetting
    Some things are not as they seem, nor are they otherwise

  4. #24
    Join Date
    Aug 2010
    Posts
    2,630

    Default

    Somebody needs a panic room and vault stuffed full of dried foodstuffs.

  5. #25
    Join Date
    Sep 2003
    Location
    High up above and deep down under
    Posts
    10,915

    Default

    Resale losses hit Haiu hard

    ROB STOCK Last updated 05:00 11/09/2011



    Blue note: Kurtis Haiu, above, and Glenn Cooper, below.

    .

    Auckland Blues rugby player Kurtis Haiu has sold two properties he bought from property dealer Glenn William Cooper, who he later assaulted after the deals went sour.
    The sales crystallise Haiu's losses, with the properties sold for $453,000 less than he paid for them.
    Haiu was charged with assaulting Cooper at his isolated Pukekohe home over the deals. Companies related to Cooper sold Haiu properties for far more than they were worth, with Haiu securing loans with Cooper's help from BNZ and Westpac.
    Haiu is not the only buyer to have lost large sums on the deals. A group of South Auckland families is also in financial distress, with some in danger of losing their homes after buying properties from Cooper companies. The Serious Fraud Office is investigating.
    Haiu and his legal representatives from Kensington Swan, which is working for him pro bono at the request of the New Zealand Rugby Union for which the law firm also acts, are in negotiations with the banks to forgive the loans.
    Haiu bought 11 Billah St in Tokoroa on December 22, 2009, for $350,000, when three weeks earlier the same property had been sold to Cooper's Greenfield Developments for just $92,500. Haiu was shown a valuation made by now bankrupt valuer Michelle Tierney for Greenfield, which did not mention the price Greenfield had bought the property for.
    The Sunday Star-Times understands Haiu believed he would only own the building, which contains a number of discrete units, temporarily until each was sold on a unit title. That never happened, and the property has now sold – again at mortgagee sale – for just $107,000, leaving Haiu with a loss of $243,000.
    Haiu also bought 64 Tonga St in Taupo for $395,000 on January 21, 2010. Less than a week earlier it had been bought by Greenfield for $218,000.


    http://www.stuff.co.nz/business/5601...-hit-Haiu-hard
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx


 

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