Private Prosecutions in New Zealand
There is a little-known New Zealand law in which a prosecution for fraud which was not pursued by the government, usually due to budget constraints, can be privately-financed. Furthermore, there is no statute of limitations on bringing an action for fraud. This means the action could be filed 10 or more years after the incident. Not good news for fraudsters who think they are safe because some time has passed. Persons affected by fraud are increasing taking advantage of this law to administer justice to fraudsters.
"The Joneses" Goes Bust; Steve Nichols Loses Big $$$
Auckland-based real estate company “The Joneses” collapsed on February 18 under a mountain of debt estimated at several million dollars. The company was based in an office in the so-called “Oracle Tower” (all 18 floors of it), which was being sub-let to them by none other than “The Three (alleged) Fraudsters;” Mike Henry, Steve Nichols, and Murray Calder, who sub-let it to the Joneses
after they sold their travel insurance business to Insurance Australia Group (IAG) in 2006. The whopping $275,000 annual rent will have to be paid by The (alleged) Fraudsters out of their own pockets until they find a new tenant, or until their own lease runs out in 2012, which will not be easy, given the poor state of the NZ real estate market.But that’s not the funniest part.
It has been revealed that Steve Nichols, currently employed by Medtral New Zealand Limited, http://www.medtral.com, after coming untethered from Mike Henry’s rear end almost two years ago, has been attempting to play venture capitalist, as one of the unlucky investors in “The Joneses”. Nichols' loss: an estimated $500,000.
We’re waiting to see if Nichols' other investment, kitchen cleaning product franchise "Brilliance Corp.", turns out to be as Brilliant an investment as “The Joneses”. One thing is for sure: Steve Nichols isn't Brilliant; he's not even bright, judging by the soundness of his investment decisions and the spelling mistakes on the anonymous emails he's sent to The Moderator. Time to put your remaining money in a time deposit Steve, and leave venture capital to the professionals.
Coming Soon To a Bookstore Near You...MoreAdvance orders are now being taken for "Serial Fraudster" the Mike Henry Investigative Report, to be published by a major publisher. The tell-all account is sure to rock the insurance industry and send some heads rolling, as it reveals the names of those who continued to do business with Mike Henry, Steve Nichols (currently employed by Medtral New Zealand Limited, http://www.medtral.com), and Murray Calder, after evidence of criminal activity was presented to them.
Thanks to a private donation, all public libraries in New Zealand will be provided with a free copy of the book, as will all of Mike Henry, Steve Nichols, and Murray Caulder's neighbors in Auckland and Queenstown.
Mike Henry Travel Loses Top Client; IAG Feels the Pain
Insurance Australia Group was cautioned to not do business with Mike Henry. Now IAG is feeling the pain. Mike Henry Travel Insurance Limited, the company IAG bought from the aging con-artist, recently lost their largest client, Flight Centres, and some 40% of MHTI’s revenue, to travel insurance provider Covermore. Who is covermore? A company that was once owned by none other than...Mike Henry. We told you so IAG...time to re-think those other deals you're doing with the slithering Henry.
Insurance Fraud Watch Achieves Top Rankings on All Major Search Engines; Surpasses 40,000 Visitors in less than 18 Months 6-July-2007
As of July 2007, Insurance Fraud Watch now comes up in the top 10 rankings of nearly every combination of relevant key words on all major search engines, and is number 1 in many.
For example: Interglobal Limited, #12, Mike Henry Travel Insurance #6, Rotary International Ethics #6, Mike Henry Fraud #1.
Mike Henry Explodes With Anger as Blog Post Hits a Raw Nerve
The prospect of the forthcoming book exposing his criminal exploits to a worldwide audience prompted an unprecedented tongue-lashing from Mike Henry, in the form of an anonymous post in the Comments section herein. (see the Comments section, below). The scathing diatribe, which was traced back to Interglobal Limited’s server 194.72.134.202, located in Bromley, U.K., underscores Mike Henry’s elevated level of concern.
Mike Henry and Steve Nichols Resign from Interglobal Board Under Pressure
Mike Henry and Steve Nichols (currently employed by Medtral New Zealand Limited, http://www.medtral.com) resigned from Interglobal's board on March 19, 2007. Inside sources reveal that the resignations came as a result of pressure from the private equity investors and other shareholders concerned about the mounting evidence of criminal activity on the part of Mike Henry and Steve Nichols, and the negative impact it will have have on their budding insurance venture, Interglobal Insurance Company Limited, should the FSA blacklist Messrs. Henry and Nichols. Mike Henry and Steve Nichols are still hiding under rocks as Interglobal shareholders and puppeteers, however. Steve Nichols is now putting his management skills to the test as a distributor of a new miracle kitchen appliance cleaning product in New Zealand.
Some Recent Search Engine Keywords Which Brought Visitors to This News Blog:
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Medtral New Zealand Limited, http://www.medtral.com
Interglobal Visitors Top the Rankings to this News Blog During August, 2007.
Some 54 visits were made to this news blog by persons logging on from Interglobal Limited's server 194.72.134.202 during August, a record from a single IP address.
The information in this blog is factual, true and complete. Please bring any inaccurate postings to the attention of the moderator: insurancewatch@gmail.com, and include documented evidence of any inaccuracies so that they may be corrected. Undocumented objections will not be published, nor read.
