You aint heard NUTHIN yet! http://www.stuff.co.nz/world/americas/3213917...
US to indict NZ firm over arms trading
By MICHAEL FIELD - The Dominion Post Last updated 05:00 08/01/2010
GEOFFREY TAYLOR: Linked to a bogus Malaysian-based internet university and a self-proclaimed West Australia principality.
United States authorities plan to indict a New Zealand company involved in selling North Korean arms to Iran, sources linked to the investigation say.
They are trying to track down shadowy figures using a labyrinth of thousands of Auckland companies registered to an office at 369 Queen St. International watchdogs fear New Zealand's casual company registration system makes it easy for money laundering and terrorist financing operations.
Most of the companies in question were set up by Vanuatu based GT Group Ltd, controlled by New Zealand accountant Geoffrey Taylor and sons Ian and Michael. None has an obvious purpose and none of the directors can be traced.
"Indictments are coming and they will be big," a source said.
The Serious Fraud Office, the police and the Reserve Bank are also investigating, but in a major embarrassment, the US Justice Department is preparing indictments a week ahead of US Secretary of State Hillary Clinton's visit here.
THE COLOURFUL CAREER OF AN 'INNOVATOR'
The man behind thousands of New Zealand companies, Geoffrey Taylor, is linked to a bogus Malaysian-based internet university and a self-proclaimed West Australia principality.
He is also a director of a company listed on the stock exchange's alternative listing board, SunSeeker Energy, now suspended for not filing an annual return.
A fellow director, Auckland lawyer Jock Irvine, said yesterday he had not seen him for years.
"He has certainly registered a lot of companies; that is his business," said Mr Irvine, who was founding chairman of now bankrupt Blue Chip Finance. He said he had also met Mr Taylor's two sons.
He said he believed SunSeeker was a genuine business, but he could never understand how it operated.
Mr Taylor, 66, was born in England, lived in New Zealand and is now believed to live in Vanuatu.
His website, geoffreytaylor.net
, describes him as "an innovator and semi-retired fund manager". He says he is president of the Malaysian-based Southern Pacific University, which sells internet degrees. He says his Vanuatu operations are to help people pay less tax.
He also says he wrote company law for the "Principality of Hutt River", a 75-square-kilometre "state" north of Perth that claims to have seceded from Australia.
But even THAT is just the half of it.