Stephen (Steve) Peter Crow appointed his brother David Bruce Crow of Inglewood and his sister Leanne Marie Osborn of Fitzroy, New Plymouth, as directors of HWGA Company Ltd – effective 15 May 2010. HWGA Co. Ltd currently owns 705,000 shares (40.38%) in CVC Group Ltd – a porn ‘mother company’ from which Steve Crow resigned as director effective 15 May 2010. Leanne Marie Osborn, who with her husband Larry Charles Osborn, owns 3,000 CVC Group Ltd shares, will now be serving the role of co-director of HWGA Co. Ltd along side her brothers Steve and David – an all the family affair in would appear – helping the shrinking porn industry. (Four porn companies owned by CVC Group Ltd and directed by Steve Crow have recently been placed in liquidation owing unsecured creditors and the IRD hundreds of thousands of dollars).
The major shareholder of porn ‘mother company’ CVC Group Ltd, from which Steve Crow has just resigned as director, is HWGA Co. Ltd which owns 40% of the CVC Group shares. Steve Crow who for the last ten months has been sole director of HWGA Co. Ltd and still remains its director, has today registered with the Companies Office, the appointment of CVC Group shareholder Leanne Marie Osborn. his sister and David Bruce Crow his bother, as two additional directors – effective from 15 May 2010. The Society lodged formal complaints with the Companies Office last year over the attempted appointment of David Crow as a director of HWGA Co. Ltd by Steve Crow and this led to the appointment (lodged as pending on the website) being withdrawn. [Read more...]
A hardcore porn company Z4K74D (In Liq) – formerly called Vixen Direct Ltd and directed by NZ “Porn King” Steve Crow owed unsecured creditors $262,528 and the IRD $163,550 when put into liquidation on 27 May 2009. It has been unable to pay unsecured creditor Checketts McKay Law of Cromwell (Alan Bevin McKay of 35 The Mall, Cromwell 9342) for legal sevices rendered. The law firm was listed by the Liquidators, Chartered Accountants Meltzer Mason Heath, as one of 50 odd unsecured creditors who would receive nothing from the failed porn company. Mr Alan McKay is currently the Attorney who acts for San Antonio Texas-based company director John M. Carr whose companies are the subject of ongoing investigations by the National Enforcement Unit (N.E.U.) of the NZ Companies Office. John M Carr co-directs porn companies Eden Digital Ltd and CVC Group Ltd with Steve Crow. Among his many colourful business interests Crow owns 50% of the shares in 435 Devon Limited that owns the former troubled RSA Clubrooms in New Plymouth. [Read more...]
The Companies Act 1993 defines a phoenix company as being, in relation to a failed company, a company that at any time before or within five years after the commencement of the liquidation of a failed company, is known by a name that is also a pre-liquidation name of a failed company or is a similar name. When phoenix company arrangements are established in which the new company created bears a similar name, similar assets and similar management structure to a failed company, the purposes of such companies are usually part of a scheme either to circumvent obligations to creditors of the failed company (avoid debts owed) or to mislead the public into believing they are dealing with the same entity as previous, possibly as part of an attempt to mislead creditors of the previous company.