It goes without saying that to fact gathering process should be systematic and methodical, otherwise you not only run the risk of overlooking things of importance, but you may never know until you go back and repeat.(As I will highlight further along in this post). First lets pull down and review the available information from Companies House NZ.

UNITED GLOBAL HOLDINGS LIMITED (T/A FX UNITED)




Company number: 5247841
NZ Business Number: 9429041251003
Incorporation Date: 23 May 2014
Removed: 01 Aug 2016
Entity type: NZ Limited
Registered Address
Level 9, 86 Victoria Street, Wellington,
6011 , New Zealand

Address History
  • 228 Queen Street, 4th Floor, Auckland, 1010 , New Zealand. (18 Mar 2015 to 01 Mar 2016)
  • 41 Shortland Street (c/o FX Intelligence Ltd) Plaza Level, Auckland, 1010 , New Zealand. (18 Sep 2014 to: 18 Mar 2015).
  • 41 Shortland Street, Plaza Level, Auckland, 1010 , New Zealand. Effective from: 13 Aug 2014 Effective to: 18 Sep 2014
  • Apartment 1305, 1 Courthouse Lane, Auckland Central, Auckland, 1010 , New Zealand. Effective from: 23 May 2014 Effective to: 13 Aug 2014
  • Address for service: 228 Queen Street, 4th Floor, Auckland, 1010 , New Zealand. Effective from: 18 Mar 2015 Effective to: 01 Mar 2016
  • 41 Shortland Street, Plaza Level, Auckland, 1010 , New Zealand. Effective from: 13 Aug 2014 Effective to: 18 Mar 2015
  • Apartment 1305, 1 Courthouse Lane, Auckland Central, Auckland, 1010 , New Zealand. Effective from: 23 May 2014 Effective to: 13 Aug 2014

Directors

As at date of Strike off:
  • Priscila Lamoste LUSTRE (19 Jan 2016 -01 Aug 2016), U 2, 106 Pohlman St, Southport, Qld, 4215 , Australia. Australian company directorship: ATR AUS 2015 PTY. LTD. Office 22b, 105 Scarborough Street, Labrador, Qld, 4215, AU
Former Directors:
  • Rujina BEGUM (12 Mar 2015 to 30 Mar 2016). 11 Boyde Gardens, Bedford, MK40 4PT , United Kingdom
  • Brian Walter JOHNSON (23 May 2014 to 21 Sep 2015). Apartment 1305, 1 Courthouse Lane, Auckland Central, Auckland, 1010 , New Zealand
Shareholding
  • As at date of Strike Off:
    • Priscila Lamoste LUSTRE 10,000 (100%)
  • Historic:
    • Shares held 10,000 (100%)
      • Rujina BEGUM
      • Transfer: 31 Mar 2016
    • Shares held 10,000 (100%)
      • Brian Walter JOHNSON
      • Transfer: 21 Oct 2015
Observation and Analysis
  • There's not really that much to review, in summary;
    • Short lived - c2.5 years from incorporation to strike off
    • Churn - Multiple changes to the management and ownership (and office)
    • Beneficial Ownership - Based on how the shares transfers occurred at same time as directors changes the shares are being held in nominee for another party (undisclosed).
    • No resident director - Priscila Lustre, sole director (prior to the Company being struck off) lists a property in QLD Australia as her residential address.

Director - Companies Act, Section 10(d)
On 1 May 2015 section 10(d) of the Companies Act 1993 was amended to require all companies to have one or more directors, of whom at least one must either live in New Zealand or live in an enforcement country and be a director of a company that is registered (except as the equivalent of an overseas company) in that enforcement country.
Australia as you would expect is considered an 'enforcement country' under section 10(d), which means as long as Ms. Lustre is a director of an Australian entity (and its allowable under the companies constitution) she is able to act as sole director of a NZ Company.
The NZ Company records provide two crucial facts to check, the details of the Australian company and her address in Australia.

The address:
Google makes the first task effortless;




Initial observations;
Well it a nice little property, neat and tidy, and appears to be reasonable value for your money. But it doesn't quite fit the image on an up and coming Forex Matriarch overseeing an empire being built on unbeatable trading bots?
What useful information are we able to yield about the property?
Without much effort there is quite a bit of useful information.

1. The property was sold on 15 March 2015.
2. It was sold for $370,000, and was an attractive purchase as it came with a long term tenant.

So what does that mean?

It might mean very little, but the timing of the sale and the fact that the property was sold with a tenant when analysed with other facts that may be gathered provide for some interesting insight.

Even with the very limited data points which are known at this stage, various scenario's can be extrapolated, each of which are constrained or influenced by these two known anchors;
  • Ms. Lustre has rented the property for an extended period of time, and resided at the property for at least a 6 month period after 15 March 2015 (who would buy a property with a tenant there for less).
  • The long term tenant is an associate or a party known to Ms. Lustre.
  • It is an investment property purchased by Ms Lustre (or associate or a party known to her) on the 15 March 2015;
  • It is an investment property sold by Mr Lustre (or associate or a party known to her) on the 15 March 2015.
  • There exists some relationship with a party with a connection to the property that is un-effected by a change in ownership of the property (say a strata company, caretaker, property manager etc).
This can be parked for now, as we haven't even hit our stride collecting the facts yet.

Going back to the requirements of Section 10(d);

A director residing in an enforcement country also needs to be a director of a local company.

This requirement appears to be satisfied, as Ms. Lustre has disclosed that she is a director of;

ATR AUS 2015 Pty Ltd (22b, 105 Scarborough Street, Labrador, Qld, 4215, AU).

Rather than just presume this is correct, lets take a look at ASIC records for ATR AUS 2015.

ART AUS 2015 Pty Ltd
  • Company
    • ACN: 609 034 602
    • Registered in: Queensland
    • Registration date: 29/10/2015
    • Registered address & Principal place of business
    • Office 22B, 105 Scarborough Street, LABRADOR QLD 2E2641007 4215
  • Directors
    • PETER JOSEPH GRANT BURSLEM (Sole Director)
      • ######################################
      • DOB ##/##/###, ###########, NEW ZEALAND
    • Previous Directors
      • PRISCILA LUSTRE
        • '6', 252 Marine Parade, LABRADOR QLD 4215
        • DOB: ##/##/####, #######, PHILIPPINES
        • 29/10/2015 Cease: 16/06/2016
      • LISA ROBYN TAYLOR
        • ######################################
        • ##/##/#####, ########, NEW ZEALAND
        • Start: 17/11/2015 Cease: 16/06/2016
    • Members (Shareholders)
      • AUSECORPORATE HOLDINGS PTY. LTD.
        • Office 22B, 105-107 Scarborough Street, SOUTHPORT QLD 4215
        • 100 Ordinary
        • 1 Class A Partly Paid
      • Previous Members
        • AUSECORPORATE HOLDINGS PTY. LTD.
          • 1 Class A Partly Paid
        • PRISCILA LUSTRE
          • 10 Ordinary
Confirmation

This confirms that Ms. Lustre was a director of ART AUS at the date of her appointment, although she resigned on the 16 June 2016, which is a month and half prior to United Global being struck off. However, she may hold the position of director with another Australian company, even if she didn't its hardly material in the scheme of things.

While we have the information on hand lets poke around and see what else we can find out.


Who is Ausecorporate?

Firstly lets google for Ausecorporate Holdings. It turns out their domain is quite easy to find. www.ausecorporate.com and it looks like they have a nice brand spanking new website. Having a quick look through, we can see that AUSeCorporate is a registered ASIC agent, incorporator and administration company Considering the subject matter, that makes fairly logical sense.





Ownership of ART AUS 2015

It appears on incorporation Ms. Lustre held 100% of ART AUS . Some time post incorporation Ms. Lustre has relinquished the ART AUS shares to Ausecorporate. Presumably this may have been on or around her resignation.

Curiously, the total shares on issue have increased from 10 shares to 100 shares. There must have been a reason for this occurring, ( 10 of 10 shares and 100 of 100 shares are both 100%)

it may indicate that there are other parties that have rights to a percentage of ART and Ausecorporate holds those shares as their nominee. Something to note now that could be somewhat useful to know down the track.

No Aussies in AusCorporate

Interestingly, of the 3 founding directors, non are in fact Australians. Peter Burslem and Lisa Taylor are Kiwi's and Ms. Lustre is from the Phillipines. Albeit Peter Burslem resides appears to reside in Australia.

Note: I have deleted personal information such as DOB/birthdays, home addresses. While this information has been collected from open source, I don't believe in circulating information that may impact on families etc. I've left the addresses provided by Ms. Lustre as these are clearly not her place of residence (which is covered below).

What's not clear is the role/relationship between Ausecorporate, Ms. Lustre and United Global. Since Lisa Taylor resides in NZ, if United Global was a client of AuseCorporate, it would make more sense to appoint the local NZ resident as director.


A cluster of addresses

Bring the NZ and ASIC data together, we now have 4 seperate addresses. Ms. Lustre has provided separate addresses for NZ and ASIC;
  • ASIC - 6', 252 Marine Parade, Labrador QLD 4215
  • NZ - U 2, 106 Pohlman St, Southport, QLD 4215


Again Google provides some instant insight into the second address. It was purchased 9 years ago, is currently seeking a tenant, and has recent reduced its rent by 5% suggesting it may have been vacant for a period of time. By looking back to the previous year it can be seen that this has been a rental property for a long period of time so unlikely it was a principal place of residence.


AusCorporate has two addresses;
  • Operational: Office 5, 20 Welch Street Southport QLD 4215
  • Registered: 22B, 105-107 Scarborough Street, Southport QLD 4215
As highlighted above all addresses are in the same postcode.

Google Maps

The adjacent google map shows the close proximity of the 4 addresses (even though two are residential and two are commercial).
Coincidence? Maybe they are all part of one property portfolio?

Musical chairs

Whats pretty clear is there is quite a bit of musical chairs being played, the only objective is to play pass the parcel until strike off.

United Global Holdings
23 May 2014 - Incorporation
  1. Sole Director: Brian Johnson
  2. Shareholder: Brian Johnson - Address 1305, 1 Courthouse Lane, Auckland
  3. Address: Apartment 1305, 1 Courthouse Lane, Auckland
13 Aug 2014 - 41 Shortland St, Plaza Level, Auckland
18 Sep 2014 - 41 Shortland St, c/o FX Intelligence, Plaza Level, Auckland
(note; FX Intelligence is a Brian Johnson company)
12 Mar 2015 - Rujina Begum appointed
18 Mar 2015 - New Address 228 Queen Street, 4th floor, Auckland
21 Sep 2015 - Brian Johnson resigns
21 Sep 2015 - Brian Johnson transfers 100% of equity to Rujina Begum
19 Jan 2016 - Priscila Lustre appointed
01 Mar 2016 - New Address - Level 9, 86 Victoria Street, Wellington, 6011
30 Mar 2016 - Rujina Begum resigns
31 Mar 2016 - Rujina Begum transfers 100% of equity to Priscila Lustre
01 Aug 2016 - Company Removed from Register