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What does Canberra’s Marc Wilson want with Mark Bryers’ IP?

By johnboy - 23 May 2010 8

Over in New Zealand they’re well and truly riled up over the “Blue Chip” fiasco which has seen $80 million in investors money disappear.

The Blue Chip founder Mark Bryers last week plead guilty to “34 charges of failing to complete financial statements in relation to the running of the Blue Chip group.

For this he was sentenced to a $37,470(NZD) fine and 75 hours of community service.

Bryers is also a bankrupt with $235 million owed. But he’s offering his “unreserved and deepest apologies”.

The interesting thing from a Canberra angle is that, according to a report in the NZ Herald, Northern Crest Investments is paying Bryers over $10,000 a month, and the $5,000 a month rent on his Sydney apartment, for his “intellectual property”.

The chair of Northern Crest Investments is, according to the NZ Herald, “Marc Wilson, a Canberra accountant.”

One wonders what Mr Wilson hopes to gain from Mr Bryers’ expertise?

What’s Your opinion?


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8 Responses to
What does Canberra’s Marc Wilson want with Mark Bryers’ IP?
adele 2:43 pm 19 Jun 12

butterbread said :

I worked for WWP accounting for a short period before moving on. They decided not to pay my super so off to the ATO I went. It doesn’t surprise me they ripped off their clients!

This does not surprise me butterbread. At the time he took the money my partner and I did not have employment and 4 children under 7. Our children sat in his boardroom when we had meetings and he knew of our difficult financial circumstances. We trusted him. Yet he still took the money!

I appeal to anyone else who has had a bad experience with this person? Even if I eventually get nothing back, I want this guy to be struck off as a professional. Who can not be trusted by his clients. I am prepared to setup a separate (external) post to collect comments, feedback and stories.

Anyone interested? Please post back.

butterbread 1:20 pm 19 Jun 12

I worked for WWP accounting for a short period before moving on. They decided not to pay my super so off to the ATO I went. It doesn’t surprise me they ripped off their clients!

Jungle Jim 1:03 pm 19 Jun 12

Mr Evil said :

“One wonders what Mr Wilson hopes to gain from Mr Bryers’ expertise?”

Maybe he wants to learn how you can screw over as many investors as Blue Chip did, and yet walk away with a piddly fine of NZ$37,470 and 75 hours community service. 🙂

I think it’s just a case of getting caught in NZ. If you’ve ever watched the TV show “Police 10-7” you’ll know that offenders all over NZ, even what seem to be very serious ones (in my book anyway), are almost never incarcerated.

p1 12:56 pm 19 Jun 12

If Mark Bryers is bankrupt, I wonder if this is a case of hiding some cash where it can’t be got too (with the other Mark) and then letting it trickle back in a way that means his creditors can’t get at it?

In fact, has anyone seen these two Marks in the same place at the same time? Maybe it is a fake identity? 🙂

adele 12:09 pm 19 Jun 12

I have contacted the ATO and they referred me to the Tax Practitioners Board. I am lodging a complaint against him as well with his “Professional Body” IPA. I have also provided information to the AFP. They are investigating.

Marc Wilson has liquidated the assets of his company so the Trust Account no longer exists. He is so dodgy. I feel until this man is stopped he will continue to prey on his clients like he did with us. Accountants are supposed to be a trusted member of our community.

Shame Marc Wilson, shame, shame.

Chop71 11:43 am 19 Jun 12

Have you contacted the ATO?
With this type of conduct, I would be suprised if they delared him a fit and proper person to even be a registered tax agent. Did you sign authority for him to claim your tax refund? I doubt it, and then the ATO could claim your missing refund from his trust account.

adele 11:30 am 19 Jun 12

One wonders what Mr Wilson hopes to gain from Mr Bryers’ expertise?

Thank you Mr Evil – your were correct! I was screwed over by Mr Marc Wilson who took out money from my tax cheque without authority (like $9,000) and refuses to give it back. When I chased him for it he sent me a backdated invoice for “consulting services”. He has since liquidated his company (WWP) and started up as WilsonMoodley. Buyer beware – I would not recommend this accountant.

Has anyone else had a poor experience with this accountant?

Mr Evil 11:23 am 23 May 10

“One wonders what Mr Wilson hopes to gain from Mr Bryers’ expertise?”

Maybe he wants to learn how you can screw over as many investors as Blue Chip did, and yet walk away with a piddly fine of NZ$37,470 and 75 hours community service. 🙂

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