The repeated sabre-rattling (‘legal threats’) by Shaun Stenning and Dean Letfus sparked by David Whitburn’s critical blog on the NZ Property Guru’s [sic] promotion of US tax liens recently reminded me of an earlier incident involving marketing US tax liens as ‘investments’ to guileless New Zealanders …
It led to an undignified outcome for another small person who made a big fuss about ‘taking legal action‘ to protect a ‘damaged’ reputation. It seems to me this excitable man actually made things worse for himself — often the case — and perhaps even revealed himself as a rudderless mercenary. Certainly the situation raises doubt in my mind.
Like many really bitter disputes, it involved two parties who’d worked closely together — in this case, business partners who apparently fell out as the output of their money machine dwindled.
In my view, another factor was the strange behaviour of one of them who, talented salesman as he was, seemed to regularly spin out of control under pressure — much of it his own making. And although these two looked different, in many ways (it seemed to me at least) they were like brothers under the skin. Neither trusted the other.
Following their disagreement and fall-out privately (apparently over the promotion of US tax liens, of all things!), a strident series of public announcements was published — by both of them about each other — on various discussion forums and blogs, and circulated in e-mail by themselves, their acolytes and tireless promoters.
Yes, it was unseemly. But I don’t mind admitting it was kinda entertaining too. (Do you know what I mean?)
After a while, though, I have to confess, the slanging match did make me wonder how on earth these two had worked together all those years. Maybe it was the unifying effect of making lots of money together, I guessed. (I’ve seen other people in business hold their nose, ‘lay back and think of England’.)
The rejected party, Maltese (an ill-tempered long-haired lapdog) initially seemed to be losing the PR war, and so he came out slugging. He publicly thundered that his dispute with his former partner Phug (a chubby little runt with pig dog ideas and a permanent drool) followed Maltese’s self-proclaimed ‘principled stand’ over an issue of professional ethics. Continue reading →