Originally Posted by prairie tuber
I'm not quite following the sequence here, but is company stock being auctioned off prior to a court verdict?
I doubt any manufacturer of go fast boats eg./ Fountain, Donzi, Buzzi) would ever set up any type of operations within the UK, given this court case.
That's Britain for you - good old Tony brought in loads of new money laundering laws etc etc to break up terrorism and organised crime - well that's the excuse they gave anyway.
There was a sickening case in my home town a while ago about a big property developer who had commited fraud. He was worth millions and a very respected businessman but when he got started he persuaded a few friends to take out mortgages on his behalf. The friends were paid - the mortgages were paid and he started a big empire. NOBODY was hurt and yet he nearly went to prison only escaping because his wife had cancer. He was ordered to pay the government £4,000,000 from the proceeds of his crimes - they even tried to get the future money he made legit. The reason given was that his actions hurt people by driving up house prices!!! Maybe by about 10pence!!!
"Judge Burr said he accepted that building societies and banks had not lost financially but said people who signed application forms had to do so honestly and enter correct details."
Note it was NOT the mortgage companies who notified the police - just someone jealous of his success - almost a dirty word in Britain.