Matiunz
Contributor
Thought it might have been you there too. Think Bruce might have left at the end and it was Fale kind of “wtf just happened”
General Eric Watson saved the club
- Thread starter Bruce
- Start date
My opinion of Mohawk has gone up immensely over the last two years
Thankfully, the Turkish hacker erased all of my previous criticisms of his performance. Every cloud...
For the Bruce’s amongst us…..
Watson’s two co-defendants, Oliver-Barret Lindsay and Gannon Giguiere, have already settled with the SEC. In February 2023, following Watson’s non-appearance and difficulties in serving him documents, US courts declared Watson to be in default and continued the case in absentia.
An update to the court filed last week said a “representative for Defendant Watson - who is in default and has not appeared in this case, either pro se [self-represented] or through counsel - has provided the SEC with information concerning Watson’s financial condition”. This marks the first time Watson has engaged with the court proceedings.
The case concerns the 2017 rebranding of Watson’s microcap beverage maker Long Island Ice Tea into Long Blockchain.
The SEC alleges the rebranding was “designed to mislead investors and to take advantage of the general investor interest in bitcoin and blockchain technology” with Lindsay and Giguiere alleged to have profited from the resulting short-lived spike in share price.
Watson, who is alleged to have shared information about the upcoming rebrand with Lindsay and Giguiere, is not said to have financially profited from the insider trading.
The SEC letter said Watson is now represented by Neil Williams and Mark Winters of Gunnercooke UK. Williams is described on the firm’s website as a partner specialising in cases of “white-collar crime”, while Winters is a former officer with London’s metropolitan police force.
The SEC said it would continue discussions with Williams and Winters and if final settlement agreement could not be reached would “move for... a default judgement against Watson”.
The late move in the Southern District of New York court follows a similar eleventh-hour appointment of legal representation at the High Court at Auckland where liquidators of Watson’s Cullen Investments group have been progressing bankruptcy proceedings.
Last month liquidators - having previously secured an uncontested summary judgement against Watson for $59.9m related to tens of millions of dollars in tax avoidance dating back decades - filed applications to bankrupt Watson, but found he was now represented by Jack Cundy.
Lawyers acting for liquidators laid out the two years it took to serve Watson in the case, resorting to having to push papers “under the front gate” of an offshore address and resulting in a High Court judgement describing the defendant as “elusive and obstructive,” and sought to avoid further delays.
Cundy told the Auckland court claims Watson had been dodging the case were “not accepted,” and he would be opposing the bankruptcy application and protesting the court’s jurisdiction to hear the matter.
Questions sent this week to Watson about the cases went unanswered.
These developments are the latest in a tectonic crumbling of Watson’s position, from the heights of the NBR rich list and national business celebrity during the 1990s to an apparently impecunious one-time prisoner facing mammoth legal challenges on multiple continents.
A titanic struggle with his former business partner, Sir Owen Glenn - waged in international courts for more than a decade that burnt tens of millions in legal bills on both sides - saw Glenn use court awards in his favour to chase Watson personally, and his family members in New Zealand and in the United States, around the globe seeking $82m.
In late 2020 lawyers acting for Glenn managed to have Watson thrown in prison - a rare outcome in a civil case - for contempt of court after finding he had hidden assets in a “rainy day account” under his mother’s name. Watson served four months in London’s Pentonville prison.
Matt Nippert is an Auckland-based investigations reporter covering white-collar and transnational crimes and the intersection of politics and business. He has won more than a dozen awards for his journalism - including twice being named Reporter of the Year - and joined the Herald in 2014 after having spent the decade prior reporting from business newspapers and national magazines.
https://www.nzherald.co.nz/business...d-insider-trading/YDZJXCJGUVASVGD5HHO6FB7RZM/
US Securities and Exchange Commission: Kiwi Eric Watson belatedly lawyers up in case of alleged insider trading
Embattled expat businessman Eric Watson has, nearly three years after the US Securities and Exchange Commission filed claims of insider trading against him, finally appointed lawyers to engage with the market regulator.Watson’s two co-defendants, Oliver-Barret Lindsay and Gannon Giguiere, have already settled with the SEC. In February 2023, following Watson’s non-appearance and difficulties in serving him documents, US courts declared Watson to be in default and continued the case in absentia.
An update to the court filed last week said a “representative for Defendant Watson - who is in default and has not appeared in this case, either pro se [self-represented] or through counsel - has provided the SEC with information concerning Watson’s financial condition”. This marks the first time Watson has engaged with the court proceedings.
The case concerns the 2017 rebranding of Watson’s microcap beverage maker Long Island Ice Tea into Long Blockchain.
The SEC alleges the rebranding was “designed to mislead investors and to take advantage of the general investor interest in bitcoin and blockchain technology” with Lindsay and Giguiere alleged to have profited from the resulting short-lived spike in share price.
Watson, who is alleged to have shared information about the upcoming rebrand with Lindsay and Giguiere, is not said to have financially profited from the insider trading.
The SEC letter said Watson is now represented by Neil Williams and Mark Winters of Gunnercooke UK. Williams is described on the firm’s website as a partner specialising in cases of “white-collar crime”, while Winters is a former officer with London’s metropolitan police force.
The SEC said it would continue discussions with Williams and Winters and if final settlement agreement could not be reached would “move for... a default judgement against Watson”.
The late move in the Southern District of New York court follows a similar eleventh-hour appointment of legal representation at the High Court at Auckland where liquidators of Watson’s Cullen Investments group have been progressing bankruptcy proceedings.
Last month liquidators - having previously secured an uncontested summary judgement against Watson for $59.9m related to tens of millions of dollars in tax avoidance dating back decades - filed applications to bankrupt Watson, but found he was now represented by Jack Cundy.
Lawyers acting for liquidators laid out the two years it took to serve Watson in the case, resorting to having to push papers “under the front gate” of an offshore address and resulting in a High Court judgement describing the defendant as “elusive and obstructive,” and sought to avoid further delays.
Cundy told the Auckland court claims Watson had been dodging the case were “not accepted,” and he would be opposing the bankruptcy application and protesting the court’s jurisdiction to hear the matter.
Questions sent this week to Watson about the cases went unanswered.
These developments are the latest in a tectonic crumbling of Watson’s position, from the heights of the NBR rich list and national business celebrity during the 1990s to an apparently impecunious one-time prisoner facing mammoth legal challenges on multiple continents.
A titanic struggle with his former business partner, Sir Owen Glenn - waged in international courts for more than a decade that burnt tens of millions in legal bills on both sides - saw Glenn use court awards in his favour to chase Watson personally, and his family members in New Zealand and in the United States, around the globe seeking $82m.
In late 2020 lawyers acting for Glenn managed to have Watson thrown in prison - a rare outcome in a civil case - for contempt of court after finding he had hidden assets in a “rainy day account” under his mother’s name. Watson served four months in London’s Pentonville prison.
Matt Nippert is an Auckland-based investigations reporter covering white-collar and transnational crimes and the intersection of politics and business. He has won more than a dozen awards for his journalism - including twice being named Reporter of the Year - and joined the Herald in 2014 after having spent the decade prior reporting from business newspapers and national magazines.
https://www.nzherald.co.nz/business...d-insider-trading/YDZJXCJGUVASVGD5HHO6FB7RZM/
I seem to recall he was more or less promising every fan would be able to watch the game on TV from their seats and be able to save their favourite moments (something along those lines, sounded mind-bogglingly expensive and difficult to make work well, whatever the exact details.)
It was like when you ask a mate who is having issues and they hit you with a wall of sound and sit there listening to their struggle session. Poor Fale got it with both barrels and Bruce even loaded a few spears.
Poor bugger barely got a word in.
I don't think he is at the moment. I think he spent a few months in jail for being in contempt of court for one of his issues.
He was in Pentonville prison in London for contempt in the Owen Glenn trial. Refused to provide asset evidence when ordered to by the court
He was reported to be living in Ibiza. I’m actually going there on holiday in May, I’ll report back any sightings
Rick O’Shay
Contributor
Even though the courts found the dosh in his mum's account, you can safely bet he's got funds stashed around the world.
Those high powered lawyers don't come cheap.
Was also hoping this might draw Bruce out of hiding
Those high powered lawyers don't come cheap.
Was also hoping this might draw Bruce out of hiding
If you see an older man in a Carlaw Park Die Hard t-shirt looking for Watson and muttering Heyzus and KiwiBuild under his breath, say Hi to Bruce from us and tell him we miss the cantankerous old fella.
Beastmode
Contributor
What’s his seat at mt smart again??
maybe u can see him tomorrow at his seat eating a meat pie
arguing with himself 
He’ll be the one wearing a t-shirt that says “I had better seats at Carlaw Park”What’s his seat at mt smart again??
maybe u can see him tomorrow at his seat eating a meat pie
He's in Bay 39 sitting next to Mrs Bruce.
The Bay 39 is stuck in my head like I wrote lines about it in high school. Or got the Clockwork Orange torture session.
Along with the following.
Eric Watson
Donald Trump
Carlaw Park
Heyzuess
Richard Fale
Kiwibuild
That guy that cut him off in Ponsonby in 1964.
The pizza that was delivered late in 1996 and he wasn't reimbursed.
Jim Doyle (he's lower on the list but he's on there)
Most of the coaches once they get on the shit list.
I may have taken some creative liberty with a few of those. But that man can hold a grudge.
The Bay 39 is stuck in my head like I wrote lines about it in high school. Or got the Clockwork Orange torture session.
Along with the following.
Eric Watson
Donald Trump
Carlaw Park
Heyzuess
Richard Fale
Kiwibuild
That guy that cut him off in Ponsonby in 1964.
The pizza that was delivered late in 1996 and he wasn't reimbursed.
Jim Doyle (he's lower on the list but he's on there)
Most of the coaches once they get on the shit list.
I may have taken some creative liberty with a few of those. But that man can hold a grudge.
Beastmode
Contributor
I’ve actually said Hi to Bruce on email . Unfortunately he isn’t coming back.
Worried2Death
Contributor
That's a shame, tell him we're sorry about all the Clive Dunn memes and insinuating he was Mr Asia
I was thinking we could putbtogether an e petition to present to him. Top
poster
Worried2Death
Contributor
What does he want, another medal?
