Divemaster1
Well-Known Member
Presume not posted yet ... as I want to put this to Scandinavia!!... if no joy, I'll ask for a rercording to post...
I'll check again tomorrow..
The last chapter - Gludy Saga Sequel
- Thread starter Gludy
- Start date
Presume not posted yet ... as I want to put this to Scandinavia!!... if no joy, I'll ask for a rercording to post...
I'll check again tomorrow..
sailorman
Well-Known Member
it was on live but not replay
Divemaster1
Well-Known Member
Watched, but did not record ... want recording though... Know people who have/are considering dealers/brokers who should not be mentioned and they need to see this...
Major Catastrophe
Well-Known Member
[SIGH]Watch it here - Clicky[/SIGH]
BrendanS
Well-Known Member
I just love the rants and raves because people post useless links, and others can't see it because they are outside the UK, like Germany, or Yorkshire. Everyone else can work iPlayer fine! 
jfm
Well-Known Member
Just watched it. I can't understand why he isn't prosecuted criminally for fraud, for selling a boat on brokerage for £300k and telling its owner that it sold for £290, so as to pocket the £10k. I just can't see how that isn't fraud. I guess the police are too busy? Shame.
DAKA
Well-Known Member
I just love the rants and raves because people post useless links, and others can't see it because they are outside the UK, like Germany, or Yorkshire. Everyone else can work iPlayer fine!
Can someone copy it and dub it in Yorkie like this add for Yorkshire Airways so us Northerners can understand it ?
http://redirectingat.com/?id=635X493478&url=http://www.youtube.com/watch?v=6VLYpKGVBUg
(only joking, major's link is now working thank you.)
Re £10 000 rip off.
I heard the fraud squad dont get involved under £10 000 and presume chapel was careful to keep it just under £10 000.
It would be possible for them to prosecute for this as an example, easier than convicting for the rest of 'ungentlemanly conduct'
The Police prosecuted a man for bouncing a cheque on me once (5 months prison suspended 2 years), because they couldnt pin anything else on him.
.
mjf
Well-Known Member
Yes but in addition there is the alleged storage charge too when the craft was already 'sold and delivered'.
jfm
Well-Known Member
Hmmm, tricky. Criminal fraud requires intention, so it's about state of mind as well as things done. TC would blame the £800/month billing on clerical error by junior employee in office. The £290k vs £300k alleged lie sounds much more prosecutable becuase (you'd expect) there will be correspondence/emails with the owner about "will you take 290k for the boat?" plus an actual cash transfer of the £290k less TC's commission
If police won't act purely because it is not >£10k that's a great shame, especially in the wider circumstances of this case
jhr
Well-Known Member
Unsuprisingly, TC "Declined to be interviewed by the BBC" but he did issue a statement, saying that he was personally committed to sorting out a couple of unresolved issues which included, iirc, the £10k "not yet paid"
to the vendor of the Trader and the paying off of a mortgage he'd taken out on a stock boat which was, inadvertently, still outstanding after he'd sold it to someone else. It'll be interesting to see if these commitments are honoured with the same assiduity as some of his other promises. I guess the Police *may* be waiting to see if he delivers before taking things any further.Interestingly, I was chatting to my dad last night; he was a Yacht Broker and marine consultant for many years. Apparently, even in the Seventies, it was commonly known in the business that, if you intended to dine with TC, you were advised to take a very long spoon with you......
Bilgediver
Well-Known Member
I just love the rants and raves because people post useless links, and others can't see it because they are outside the UK, like Germany, or Yorkshire. Everyone else can work iPlayer fine!
Iplayer seems a bit clunky......It refused to let me see this program yesterday and displayed pages of Beeb rules about areas of transmission....
However last week I had no problem watching it!!!!!
Today I went to it and it played normally without a hitch.
The route I used today was to put inside out in the search and then select south from the selection... Not sure why this should make any difference as yesterday I went to an inside out page and selected from there. Tried several times.
mjf
Well-Known Member
Yes I agree.
What we saw is just the surface though - I think.
There was clearly a good reason the paperwork was missing for the Dane - the owner still had same as she thought the boat was sitting in Emsworth as she was paying for storage.
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sailorman
Well-Known Member
who put up the £400k to buy the "Assets" ???
jfm
Well-Known Member
The C family. They set up the newco to buy the assets
The £400k could have been fresh cash from the C family, received by old Tarquin, and used to pay off some of old Tarquin's creditors. But I woudn't assume that without seeing more data. For example it is conceivable (though I haven't checked so don't know if true) that C family were themselves creditors of old Tarquin, on a secured basis, so they got paid out first from the £400k, which means that in net terms they might not have really put up the full £400k. I'm not saying that did or didn't happen; rahter that it's something to check before concluding whether £400k was really contributed. The journalist didn't go there as he was scratching the surface only
longjohnsilver
Well-Known Member
Scratching the surface seems the right description of the investigation so far, unless there's other things happening that we don't know about. But I'd like to bet that the cases reported on are not the only unhappy customers out there.
In the boating business it seems that it's almost accepted that "these things happen", there was the case of the bent broker in Wales about 6 years ago where there was large scale fraud going on.
Would be interesting to hear the BMF view of things.........
MapisM
Well-Known Member
I can understand the fraud squad involvement just for major frauds, but it still remains a prosecutable crime in my books.
Which means that a court has to proceed, if requested by someone affected.
I'd be astonished if it wouldn't work in such way in the UK, but I'm happy to stand corrected of course.
jfm
Well-Known Member
Stay sitting, that's all correct. In UK, a private person can prosecute, although the public prosecutor ("CPS", in UK) has the right to take over the case and eject the private prosecutor.
Problem is, for a private person a prosecution is an expensive venture...
MapisM, did you get to see the program in Italy? If not here is a v quick summary of the allegations (it was only 10minute element of a program, btw)
1. TC history of multiple corporate bankruptcies, then emerging from the bankrupt comanies with a new business (phoenix-ing)
2. Latest example last year, as discussed on here. TC's son is now running a newco operating from the same Trader/Tarquin premises, having bought the business from the bankrupt co for £400k
3. Interview with a farmer in scotland who ordered a Trader and paid about £100k and now is unsec creditor of insolvent company, so likely has lost that money
4. Used Trader (475?) sold on brokerage to Danish buyer for £300k. The Dane is in trouble because the boat was delivered to Denmark with no ownership papers, and he can't use it for the business (charter?) that he intended. Meanwhile UK seller was told the price was £290k, so TC pocketed the £10k, and was charged £800/month for storage etc of the boat in Trader's UK marina, long after it had already gone to Denmark
5. No mention of the Gludy case specifically
6 [EDIT - Daka reminded me, thanks Daka] Selling a boat with a mortgage loan secured on it, and not paying off the loan, so the poor buyer had a boat that was pledged to TC/Tarquin's bank
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Nick_H
Well-Known Member
Can an individual make a criminal prosecution, or just a civil one? I guess if TC pays the £10k back, and he probably will do, then there's no civil case to answer, at least on that point. Seems wrong though, that the worst case situation for the perpetrator is to pay back what he's stolen? Hardly motivates him not to steal in the first place.
MapisM
Well-Known Member
Nope, I just understood bits and pieces from this thread. Many thanks for the summary.
PS for Gludy: don't bother sending me a DVD, as I understand it's not really worth a space in my video collection... But thanks anyway!
MapisM
Well-Known Member
Yes indeed - and if I got it right also jfm confirmed that.
Hard to say what happens to the criminal case if the stolen sum is refunded, though. I guess it's up to the judge to some extent.