This'll be my only comment on this matter. I don't make a habit of commenting on forums, or blogs for
that matter, because a) they generally descend into vitriolic abuse, and b) I
have a job to do that generally has me writing in other areas.
As for Dolaras' probing questions amid her name-calling, the answer is e) none of the above.
The business affairs of Mr Serepisos are an obviously
important story. The Phoenix angle is, from my perspective, mere colour. The
Dominion Post obviously talks it up as an angle, but it�s peripheral for me.
Were Century City to go under it is highly likely
second-tier lenders (and unsecured creditors) will lose a packet, and having
$230m of Wellington real estate being put on the market in a liquidation fire
sale would have serious ramifications for the city's property market.
The consequences are potentially huge, and if Mr Serepisos is
relying on WGA to save him from the IRD I can�t ignore the evidence clearly
suggesting he�s been scammed and the game is up and outline what will happen next.
More broadly, it appears WGA have been running a global scam
for some years and I doubt Mr Serepisos is the only New Zealand victim (Allan
Crafar stumped up 27,000GBP, but didn't far along their process).
There's a public interest in exposing this -
preventing others forking out money to Swiss bank accounts - and while I'm glad
to have broken this story, it�s rapidly grown out of my hands.
Australian and Spanish media are now onto the case, and I
hear the Wall Street Journal's taken an interest. I'll push it as far as I'm able, but I'm just one guy with a phone
working for a New Zealand business weekly.
And, on a final note, the forums here are generally (with
the recent exception of personal abuse directed towards myself) highly
entertaining.
Cheers,
Matt
mnippert@nbr.co.nz
021 193 1011
mnippert2011-03-09 11:00:10