Stratos wrote on Feb 2^nd, 2014 at 11:04am:



Looks like he got the story from larry pickering.

And of course larry is a honest man.

.

Larry Pickering is well-known for being a fraudster, scam artist and con man who’s latest scam cost people an estimated $15 million. Pickering refuses to answer questions on the matter except for a basic denial. This is the guy who claims he is investigating Julia Gillard in the AWU fraud scam from the 1990’s.

The reality is that Larry Pickering is working his next scam and a lot of suckers are being drawn in and even a few in the media. The real danger here is that the only thing going for Julia Gillard is Larry Pickering. It gives Julia Gillard an easy way out of the mess as she can just refer to the lies and sleaze, Gillard being pregnant and having an abortion and being a lesbian, in Pickering’s reporting and his own dodgy background in running scams.

I flagged this 4 weeks ago in a post and also said that Pickering was full of lies and that I would be doing another post on him  (Click here to read the post) The sleaze factor in Pickering’s reporting will turn a lot of people off and his lies blur everything. This is already happening, on Friday a main stream reporter with News Ltd, Peter van Onselen, referred to Pickering as a reason of why he will not report on the Gillard AWU fraud. (Click here to read)

Over the last couple of months Mr Pickering has been doing posts on his Facebook page and his website and another he set up about a month ago. A lot of the content of the posts are sleazy sexual innuendo and have no relevance to the AWU fraud and the posts are full of lies. In an interview on 3aw with Derryn Hinch in the last few days Mr Pickering admitted he was using a creative license in the posts and “adding color” as he said. So where the lies stop and truth begins no one knows. But below we will have a look at some of the lies.

]


HE lives a life of luxury in a grand rented home, driving a late-model Jaguar and playing golf at one of the country's most exclusives courses. 
 
But Australian cartoonist Larry Pickering now stands accused of being involved in a sports betting operation in which more than 100 investors lost their life savings.

Pickering, 68, best known for his political cartoons in the 1970s and 80s, is alleged to have used an alias selling software for Cohen Strachan Investments, urging people to invest in a sports trading company which folded, with millions of dollars allegedly lost.

Hundreds of consumers were allegedly cold-called and encouraged to buy the program and then invest in Hong Kong-based Nominee Traders, which promised a hefty return by betting around the world.

They were also given a gift certificate which they traded for the buyers.

Pickering said the claims about his involvement in Nominee Traders were "not true". "I don't know where all this comes from," he said. "It is rubbish."

But he admitted he helped set up CSI five years ago. The software seller went into bankruptcy last year, with KordaMentha appointed liquidators in November.

"I feel sorry for people who lost money but I had nothing to do with it," Pickering said. "The relevant authorities and police should investigate."

KordaMentha said creditors claim they have been defrauded and have "reported offences to ASIC and other law enforcement bodies" including Queensland Police and the AFP.

KordaMentha said the investment scheme worked with customers buying sports arbitrage software known as Carbon A for $17,000 from CSI as an agent of Nominee Traders. The software came with a $2000 trading certificate to use in a betting account facilitated by the company. Each customer had their own login details where they could track the return of the initial $2000.

"The sports arbitrage soft- wear was not user-friendly and did not perform to the standard represented to the customers," KordaMentha said in a statement to creditors. Most customers did not seek a refund for the software because the initial $2000 had increased in value.

"Problems arose when customers sought to withdraw the balance of their account and these requests were not actioned or fulfilled.

"Customers observed irregularities with the balances of the sports arbitrage accounts giving rise to allegations that the accounts were manually manipulated and did not actually exist."

The scheme has been reported to police in three states. The corporate regulator ASIC has been informed.

Many investors found they could not withdraw money from their Nominee Traders accounts. Twenty-four people joined forces and employed Sydney private investigator Ken Gamble. Mr Gamble, spent a year investigating and travelled to Hong Kong.

The Daily Telegraph has obtained 24 sworn statements from investors who claim they lost money by investing in the scheme which Mr Gamble said can be traced back to associates of Pickering on the Gold Coast.

Queensland Police have confirmed they are now investigating complaints and have several statements from people alleging Pickering used the alias Paul Perry. Pickering has been accused of using the name while pushing the scheme to investors - a claim he also denied.

Chief Superintendent Steve Hollands said officers were exploring whether a fraud had been committed. "The possibility also exists that it could have been a legitimate scheme which has failed," he said.

Just before Nominee Traders folded, investors trying to get money out were believed to have been told it suffered massive losses on the 2010 Soccer World Cup and Superbowl. Many say they were simply not told anything and emails were not replied to.

Pickering, now 68, has ll children to five women, and lives on the Gold Coast.

He was made an undischarged bankrupt in August last year by his former de facto's father George Luckardt.

In reply to the bankruptcy, Pickering said he disputed he owed money and his only asset was a $250 set of golf clubs.

Lord Herbert wrote on Feb 2^nd, 2014 at 10:48am:


That’s right, Herbie. Truth deniers.

Shouldn’t we call people who question Pickering liars?

I think we should.

Lord Herbert wrote on Feb 2^nd, 2014 at 11:31am:


A pychiatrist would tell you that ... 

Quote:


Put them on your ignore list, Herb. They’re playing the usual leftard trick of playing the man and not the ball, trying to malign Pickering’s character like that.

Pathetic, leftards, just pathetic.

wally1 wrote on Feb 2^nd, 2014 at 11:48am:


Herbie’s on the pension. He figured if the Muslims are doing it, why shouldn’t he?

Karnal wrote on Feb 2^nd, 2014 at 12:28pm:


Maybe herbies a closet Muslim?

wally1 wrote on Feb 2^nd, 2014 at 1:06pm:


It’s possible, Wally. Herbie doesn’t look after his kids either - and his doctor’s not registered.

Sounds suspiciously like a Muslim to me.