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Justin Z

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    Big Rangers Administration/Liquidation Thread - All chat here!

    in Celtic v Rangers, Rangers v Celtic

    Posted

    Here Ally McZeeel quotes:

    Bwahaha classic!

    *a link is always useful here JZ ;)

    Well, seeing as I lifted that list from another forum, it'd be a bit pointless. ;) I'm not the one on this thread claiming absolute knowledge or desperately ad homming anyone with even the slightest inkling of a different interpretation, so I'm cool with that. :lol: As I said from the beginning, I'm new to the party and honestly still quite lost in this whole thing, so any info I can get is welcome--it's quite the transfixing trainwreck, though.

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    Big Rangers Administration/Liquidation Thread - All chat here!

    in Celtic v Rangers, Rangers v Celtic

    Posted · Edited by Justin Z

    That's a no then. f**k off back to drafting wills and wishing you could shag Ally McBeal.

    Hahahaha, oh man. Well, if nothing else, you've answered my question--you are actually that confident (and there's a fine line between confidence and delusion) that there's nothing else to this entire legal affair.

    Either that, or you're so nervous about all this, that you've bitten your fingernails down to nubs and it's really sare, isn't it you big grumpmaster.

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    Big Rangers Administration/Liquidation Thread - All chat here!

    in Celtic v Rangers, Rangers v Celtic

    Posted · Edited by Justin Z

    Leaving aside the staggering degree of prejudice you're now displaying to people you wish to lump together, I had not appreciated that the trial concerns only how Green and co came up with the £5.5m. Is that what you're saying?

    That's the bit that has me confused also, especially considering this summary of the charges . . .

    ...

    1. CW, GW, DG, DW, PC conspired to obtain funds by fraud from Jerome, Merchant and Ticketus to fund the fraudulent purchase of the club (offence was aggravated)

    • CW & GW obtained £2,825,000 by fraud from the trustees of the Jerome Pension Fund
    • CW & GW obtained £1,000,00 by fraud from Merchant Turnaround PLC
    • CW, GW & DG made false representations to Rangers Independent committee about the funding of the purchase
    • CW & GW obtained £24,337,094 by fraud from Ticketus
    • CW & GW made false representations to the Takeover panel re the funding
    • CW failed to disclose a disqualification as a director
    • CW & GW made false representation to the PLUS stock exchange re CW’s disqualification
    • CW, GW & DG made false representations to Murray Holdings Ltd re funding of the purchase and the future funding of the club including the wee tax case (£2,800,000) and an H&S liability (£1,700,000)

    2. CW & GW contravened the proceeds of crime act using the £28,262,094 obtained by fraud when purchasing the club

    3. DG, DW & PC failed to report suspicions of Money Laundering by CW & GW using “Financial Assistance” to purchase the club, contrary to the proceeds of crime act

    4. CW, GW, DG, DW, PC did conspire together to act as in Charge 1

    5. CW & GW breached the Companies Act by using the clubs own money to fund the acquisition (Financial Assistance”

    6. CW & GW committed fraud by failing to disclose CW’s disqualification to the SFA

    7. CW & DG committed fraud by falsely submitting invoices for £253,800 to Rangers which should have been submitted to Liberty Capital.

    8. CW & DG committed fraud by falsely submitting invoices for £409,320 to Rangers which should have been submitted to Liberty Capital.

    9. CW & DG committed fraud by falsely submitting invoices for £66,120 to Rangers which should have been submitted to Liberty Capital.

    10. CW, GW, DG, DW & PC conspired to defraud creditors, including non-payment of taxes and while they ran the club in order to facilitate CW in buying back the club debt free, which was in breach of the Companies Act

    11. DW & PC perverted the course of justice when stating to Lord Hodge that they were unaware of the Ticketus arrangements

    12. CW, GW, DW, PC, CG & IA conspired to defraud creditors by purchasing the club’s business and assets significantly below market value.

    • CW, DW & PC sought to put the club in administration• Caused the court to appoint DW & PC as administrators
    • DW & PC falsely pretended to act in the interests of all creditors
    • CG falsely presented himself as an independent purchaser
    • DW & PC pretended that the purpose of administration was to get the best return for creditors
    • CW acquired Sevco 5088 of which CG was appointed director• CG received £25,000 from CW to pay legal fees related to Sevco 5088
    • CG paid the legal fees with the £25,000
    • IA paid the administrators DW & PC £200,000 as an exclusivity fee
    • DW & PC granted Sevco 5088 exclusivity to the exclusion of other prospective purchasers
    • CW paid £137,000 into IA’s mother’s account as part payment of the exclusivity fee
    • DW & PC completed a sale and purchase agreement with CG on behalf of both Sevco 5088 and Sevco Scotland for a price of £5,500,000, significantly below market value.
    • DW & PC falsely advised creditors that SPL prize money was reflected in the consideration paid for the assets, but the sale and purchase agreement reflected a “nil” consideration
    • CG permitted the transfer of £291,823.10 from Rangers Youth Development to help fund the purchase of assets

    13. CW, GW, DW, PC, CG & IA participated in a conspiracy to purchase the business and assets of the club depriving creditors of the rightful sums due to them and the material benefit going to themselves

    14. CW and IA defrauded investors in Sevco 5088 and RIFC, acquiring money and shares by fraud and to increase the value of their shares in RIFC

    • CW pretended he had no interest in Sevco 5088• Induced investors to put £5,500,000 into Sevco 5088
    • CG caused the change of exclusivity from Sevco 5088 to Sevco Scotland without proper approval
    • CG did appropriate the £5,500,000 invested in Sevco 5088 by fraud without the investors knowledge or agreement
    • CG & IA allotted themselves 2,000,000 shares
    • CG & IA changed the name of Sevco Scotland to The Rangers Football Club
    • CG & IA appointed Cenkos as a nomad but failed to advise them of the source of funding through Sevco 5088
    • CG & IA thereby raised £21,000,000 in the IPO by fraud

    15. CW failed to provide police with mobile phone and laptop passwords, when requested, in breach of the Regulation of Investigatory Powers Act by police contrary to the Regulation of Investigatory Powers Act.

    ...

    I'm really new to this party, seeing as I'm from the States. So yes, while I saw a Hearts match first while on holiday and so that's "my club" now, it's not nearly as engrained in me as it might be for a lot of other supporters who've been going to see their club all their lives. So I guess my question is, are the Rangers fans actually this confident that there's "nothing to see here," or are they just taking the piss?

    Because as a lawyer, even one versed in American, not Scots, law, this looks like a hell of a lot more than just "buying a car with stolen money."

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