Chess and Pension Fraud - allegation

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Alex Holowczak
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Re: Chess and Pension Fraud - allegation

Post by Alex Holowczak » Wed Aug 28, 2019 11:36 am

NickFaulks wrote:
Wed Aug 28, 2019 11:19 am
Alex Holowczak wrote:
Wed Aug 28, 2019 10:59 am
The franchise model actually seems to offer greater protection for keeping teams afloat, even if there is a much greater threat of franchises relocating to achieve that than in the football league system.
You still don't want to get an old Wimbledon FC fan started on MK Dons.
Yes, that was the only example I could think of. It's not exactly Rochester Royals -> Cincinnati Royals -> Kansas City-Omaha Kings -> Kansas City Kings -> Sacramento Kings.

Kevin Thurlow
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Re: Chess and Pension Fraud - allegation

Post by Kevin Thurlow » Wed Aug 28, 2019 12:31 pm

"You still don't want to get an old Wimbledon FC fan started on MK Dons. "

True - at one point, owners of Leeds United were thinking of relocating to Kent on the basis that they would get bigger crowds, especially as there weren't any proper teams in Kent. Fans and enemies were united in their fury!

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Matt Mackenzie
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Re: Chess and Pension Fraud - allegation

Post by Matt Mackenzie » Wed Aug 28, 2019 1:06 pm

Bury are the first league club to be expunged since Aldershot and Maidstone went in fairly quick succession back in 1992.

Re the above posts, there was a bizarre last minute attempt to save the latter by relocating to Tyneside.
"Set up your attacks so that when the fire is out, it isn't out!" (H N Pillsbury)

Graham Borrowdale
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Re: Chess and Pension Fraud - allegation

Post by Graham Borrowdale » Wed Aug 28, 2019 8:57 pm

NickFaulks wrote:
Wed Aug 28, 2019 11:19 am
Alex Holowczak wrote:
Wed Aug 28, 2019 10:59 am
The franchise model actually seems to offer greater protection for keeping teams afloat, even if there is a much greater threat of franchises relocating to achieve that than in the football league system.
You still don't want to get an old Wimbledon FC fan started on MK Dons.
As a real live 'old' Wimbledon FC fan I can second what Nick says. The franchise model will never be acceptable to football fans in England, although it might make commercial sense for some club owners. The irony is that MK Dons are in the same place in the League as the old Wimbledon in their last year. But at least the town of Milton Keynes got a shiny new ASDA store, and the people of Merton are about to get a shiny new football ground.

Paul McKeown
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Re: Chess and Pension Fraud - allegation

Post by Paul McKeown » Sat Aug 31, 2019 2:57 pm

Michael Farthing wrote:
Tue Aug 27, 2019 8:46 am
That's the gig economy for you.
Or, perhaps the offshore economy, allowing invisible plutocrats to f**k up everyone else beyond any oversight.

Mick Norris
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Re: Chess and Pension Fraud - allegation

Post by Mick Norris » Thu Oct 17, 2019 10:34 pm

Quillan
Kirkwood was handed a 10-year ban, while Quillan and Garrett both received 12-year disqualification orders.

Alex Deane, chief investigator for the Insolvency Service, said: "None of the directors expressed any real regret for deliberately misleading people who were mainly small pension investors, and who were targeted because they were unable to get credit and required cash.
Any postings on here represent my personal views and should not be taken as representative of the Manchester Chess Federation www.manchesterchess.co.uk

Roger de Coverly
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Re: Chess and Pension Fraud - allegation

Post by Roger de Coverly » Thu Oct 17, 2019 10:48 pm

Mick Norris wrote:
Thu Oct 17, 2019 10:34 pm
Quillan
Passing judgement at the Manchester High Court on September 18, District Judge Obodai found the directors had misled investors and deliberately caused the companies to obscure the relationship they had with each other, calling the scheme a “house of cards”.

Kirkwood was handed a 10-year ban, while Quillan and Garrett both received 12-year disqualification orders.
Is that banned from being a director of any Company?

Capital Bridging Solutions was a named sponsor for the 2019 Northumbria Masters

Roger Lancaster
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Re: Chess and Pension Fraud - allegation

Post by Roger Lancaster » Thu Oct 17, 2019 11:02 pm

Kevin Thurlow wrote:
Wed Aug 28, 2019 12:31 pm
"You still don't want to get an old Wimbledon FC fan started on MK Dons. "

True - at one point, owners of Leeds United were thinking of relocating to Kent on the basis that they would get bigger crowds, especially as there weren't any proper teams in Kent. Fans and enemies were united in their fury!
LOL, presumably they had heard that Leeds Castle was in Kent. [There's a nearby village, also named Leeds].

Roger Lancaster
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Re: Chess and Pension Fraud - allegation

Post by Roger Lancaster » Thu Oct 17, 2019 11:04 pm

Roger de Coverly wrote:
Thu Oct 17, 2019 10:48 pm
Mick Norris wrote:
Thu Oct 17, 2019 10:34 pm
Quillan
Passing judgement at the Manchester High Court on September 18, District Judge Obodai found the directors had misled investors and deliberately caused the companies to obscure the relationship they had with each other, calling the scheme a “house of cards”.

Kirkwood was handed a 10-year ban, while Quillan and Garrett both received 12-year disqualification orders.
Is that banned from being a director of any Company?

Capital Bridging Solutions was a named sponsor for the 2019 Northumbria Masters
Presumably so. I think the only other relevant disqualification would have barred them from acting as pension fund trustees.

Roger de Coverly
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Re: Chess and Pension Fraud - allegation

Post by Roger de Coverly » Thu Oct 17, 2019 11:28 pm

Roger Lancaster wrote:
Thu Oct 17, 2019 11:02 pm
LOL, presumably they had heard that Leeds Castle was in Kent. [There's a nearby village, also named Leeds].
On another thread, Bramley, which is somewhere near Guildford was misidentified as Bromley ( in Kent/Greater London)

NickFaulks
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Re: Chess and Pension Fraud - allegation

Post by NickFaulks » Thu Oct 17, 2019 11:42 pm

Mick Norris wrote:
Thu Oct 17, 2019 10:34 pm
Quillan
Kirkwood was handed a 10-year ban, while Quillan and Garrett both received 12-year disqualification orders.

Alex Deane, chief investigator for the Insolvency Service, said: "None of the directors expressed any real regret for deliberately misleading people who were mainly small pension investors, and who were targeted because they were unable to get credit and required cash.
While the three directors profited considerably from the scheme, they seem to have gained far less than the investors lost. The tax authorities presumably ended up with the difference.

Mick Norris
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Re: Chess and Pension Fraud - allegation

Post by Mick Norris » Fri Oct 18, 2019 7:49 am

Roger de Coverly wrote:
Thu Oct 17, 2019 10:48 pm
Mick Norris wrote:
Thu Oct 17, 2019 10:34 pm
Quillan
Passing judgement at the Manchester High Court on September 18, District Judge Obodai found the directors had misled investors and deliberately caused the companies to obscure the relationship they had with each other, calling the scheme a “house of cards”.

Kirkwood was handed a 10-year ban, while Quillan and Garrett both received 12-year disqualification orders.
Is that banned from being a director of any Company?

Capital Bridging Solutions was a named sponsor for the 2019 Northumbria Masters
Capital Bridge are currently part of the investigation by the Fraud office into at least 1 former director of Bury FC
Any postings on here represent my personal views and should not be taken as representative of the Manchester Chess Federation www.manchesterchess.co.uk

Matt Bridgeman
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Re: Chess and Pension Fraud - allegation

Post by Matt Bridgeman » Fri Oct 18, 2019 8:43 am

I wonder if Simon Williams' SKW Investments Ltd could have a court case lining up? If Williams was banned from
being a company director he would have to step aside from Ginger GM Ltd.

Chris Rice
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Re: Chess and Pension Fraud - allegation

Post by Chris Rice » Fri Oct 18, 2019 11:44 am

Matt Bridgeman wrote:
Fri Oct 18, 2019 8:43 am
I wonder if Simon Williams' SKW Investments Ltd could have a court case lining up? If Williams was banned from
being a company director he would have to step aside from Ginger GM Ltd.
On what basis? The company is essentially dead as it was dissolved on 28 May this year.

Matt Bridgeman
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Re: Chess and Pension Fraud - allegation

Post by Matt Bridgeman » Fri Oct 18, 2019 1:11 pm

I don’t think Simon Williams choosing to dissolve the company would be an impediment to a HMRC prosecution. It would be directed to him as an individual and not the company.

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