Monthly Archives: February 2016

Time for a change? – Crawley Town FC and the benefactor, Paul John Hayward

The CEO of the British football club, Crawley Town FC (”CTFC”), Mr. Mike Dunford, has recently been interviewed, talking about a possible coming takeover of Crawley Town FC. In this interview Mr. Dunford states that the club ”…has been very, very lucky, amazingly lucky, to have a benefactor like Paul Hayward, to decide to put so much money into the club..”.

This is counter-balanced by all members of the Consortium of Defrauded Victims (CDV) in nine European countries who have been very, very unlucky, extremely unlucky, to have been defrauded of more than 20 million USD through the same Paul Hayward´s boiler-room syndicate over the 2003-2010+ period of time.

Some estimated 1000+ private investors in the UK alone, beyond CDV, also have reasons to share the same unluckiness, being targeted by Mr. Hayward’s boiler-room scams. Some of the defrauded UK investors are known to reside not far from Crawley Town.

Luck on one side, flip the coin, and the root of unluckiness can be unveiled on the other side.

Paul John Hayward left the UK in the early 2000 with liquidated and dissolved UK companies behind. A few years later, having entered into the boiler-room management top segment in Bangkok after stints as junior Telephone Qualifier in the boiler-room, Foreign Currency International (among others), he is estimated to have accrued a private wealth of some 100-150 million USD.

“I was accused of operating the international phone calls illegally. Actually, I don’t understand. I have the internet system connected legally. I firmly believe that it is not my mistake,” he said. “It could be two things: I could have been cheated by Paul, or I was treated badly by a person who wants to compete with me.”… The mysterious ‘Paul’ is believed to have fled to Bangkok after the probe began. Authorities said they were still investigating his disappearance.”
Phnom Pen Post, July 18, 2003: “Local NGO used in ‘boiler room’ scam”

A group of Britons arrested during a raid on a suspected boiler room in Phnom Penh, Cambodia

Randy (yellow t-shirt, far left) from Detroit (US),
employed by Paul John Hayward as boiler-room opener for many years. Toby (grey t-shirt, far right) from the UK, employed by Paul John Hayward as boiler-room manager and head of Loaders’ Department for many years, having a Vietnamese girlfriend.
Picture from the raid of the Smith-Fairchild boiler-room in Phnom Penh, July 2003.

“Two Britons and two Americans, fleeing Thailand after a police crackdown on bogus share dealing, handed over more than $100,000 (£72,000) in cash to officials at Bangkok airport yesterday before boarding a flight to Switzerland. As more than 20 crooked share-dealing operations closed down throughout the Thai capital putting hundreds of young smartly dressed Britons and other young foreigners on the streets, many of the bosses appeared to be fleeing the capital with the cash float from their safes. Two Britons, Patrick Campbell, 33, and John Hayward, 29, were arrested with Americans Richard Albino, 46, and Donald Kern, 40, as they attempted to board an early morning Thai airlines flight to Zurich. They were asked to accompany immigration officers to a room where a search revealed that they were carrying $100,000 and 2.5 million Thai baht (£40,000).”
Telegraph, July 21, 2001

“Crime Suppression Division police have arrested four Britons, a Filipino woman and a French man for having allegedly deceiving foreign investors to buy stocks online and cheated them. Pol Maj Gen Panya Mamen, deputy Central Investigation Bureau commissioner, said the six foreigners were arrested at a house on Soi Thonglor while deceiving foreigners to invest in stock markets through Internet. Police seized seven desktop computers, six notebook computers and 31 mobile phones from the house. Information from the seized computers showed that they had deceived the investors to invest over Bt100 million in fake firms. The foreigners claimed that they were hired by a man identified only as Paul for Bt30,000 to Bt50,000 a month to make phone calls.”
The Nation, September 19, 2009

Now hasn’t Mr. Hayward been extremely lucky and isn’t Crawley Town FC’s/Mike Dunford’s perception of luckiness linked to the thousands of people being defrauded over the years? Suffice to say, hadn’t Paul Hayward accrued his wealth through boiler-room scams, there wouldn’t have been any benefactor named Paul Hayward pouring money into Crawley Town FC.

When reviewing the Crawley Town FCs account statements (Companies House, UK), year 2013 up until June 2014, it is observed that share capital was anonymously raised and transacted as follows:

Aug 12, 2012 (£1,500,000)
Nov 19, 2012 (£110,496)
Dec 19, 2012 (£317,648)
May 20, 2013 (£187,162)
June 24, 2013 (£197,000)

CTFC received continued and anonymized financial support in 2013 and 2014 through the following transactions:

Aug 1, 2013 (£ 1,500,000),
Aug 30 2013 (£ 39,000),
May 31, 2014 (£ 916,648)

No names are mentioned of those being the shareholders.

2,312,608 ordinary shares (£1 pound per share) were issued in 2013, by which the club netted an income of £2,312,608.

2,455,648 ordinary shares {£1 per share) were issued in 2014, by which the club netted an income of £ 2,455,648.

At the same time, the accountants made going concern statements as the club made losses and had net current liabilities. The losses were funded by the share subscriptions via anonymized funders.

Michael Dunford has admitted that the private financier of CFTC, contributing with £5 million, has indeed been Paul Hayward. The connectivity with co-funder, Michael Doherty, is supported by his visual appearance at the CTFC football stadium, together with Paul, and his brother, Ryan Hayward, and from information he put up on his now deleted tweet.

Such amount of money (in total and per individual transaction) cannot be transferred legally without meeting with international anti-money laundering regulations. This brings along a set of questions:

– Did the facilitator (go-between) check from where the funds originated as per anti-money laundering regulations?

– Did the facilitator do any KYC diligence before taking Paul John Hayward/Michael Doherty on-board?

– If so, did they care to check the Companies House filings of their new Client, Paul John Hayward?

– Etc.

Maybe the coin will be tossed and flipped again – this time Paul John Hayward becoming unlucky?
//Consortium of Defrauded Victims (CDV)

 

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