Distribution of Secured Funds
Pursuant to Court Directions Under Section 43 of the
Fair Trading Act 1986
The company has been held to be operating a pyramid scheme under section 24 of the Fair Trading Act 1986.
Subject to court directions on the 12th day of February 2003, Justice Venning ordered Gosling Chapman Limited, Chartered Accountants, to manage the disbursement to those members (claimants) who contributed to the company after the 20th day of December 1999.
The eligible claimants are entitled to a partial distribution of the membership fee paid.
Correspondence has been sent, on the 14th day of February 2003, to all known claimants who joined the club from the 20th day of December 1999, based upon contact lists provided by the company.
The mailing address used for this correspondence is as provided to the company at the time the membership fees were paid.
Outlined in this correspondence is the claim procedure and expected payment details.
Closing date for claimants is the 11th day of April 2003.
Inquiries should be addressed in the first instance to our
web site:
www.gosling.co.nz/html/alphaclub.html
or Glen Gernhoefer or Andrew Scott on telephone number (09) 914 7889.
Dated this 14th day of February 2003.
ROWAN CHAPMAN, Fund Administrator.
Address for Service: Care of Gosling Chapman
Limited, Chartered Accountants, P.O. Box 158, Auckland. Telephone: (09) 914 7889. Facsimile: (09) 309 1198.
Email: fundadministrator@gosling.co.nz