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Dragons Den Stars Duped Out of 230K By GPS Entrepreneur


Article by: Darren Griffin
Date: 13 Feb 2012

pocketgpsworld.com
Two stars of BBC show Dragon's Den, Theo Paphitis and Peter Jones, claim they have lost an investment of £230,000 to Swiss-born entrepreneur Jean-Claude Baumgartner who they allege faked documents and blew the money on his extravagant lifestyle.

Baumgartner appeared on a Sports Relief Dragons den special in 2010 to present his 'Satski' GPS and software. he accepted an offer of a £130,000 investment and later secured a further £100,000.

He was due to appear at Blackfriars Crown Court last Monday but failed to appear, citing weather related travel difficulties. The hearing was adjourned until 9th February when he once again failed to appear claiming he was unable to afford the flight tickets.

A warrant has now been issue for his arrest and a European Arrest Warrant is being sought.

Baumgartner denies two counts of fraud.



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Comments
Posted by MaFt on Mon Feb 13, 2012 10:12 am Reply with quote

Not good, I reckon whoever Peter & Theo got to check over the paperwork will be panicking somewhat!

MaFt


MaFt®

 
Posted by Colin58 on Mon Feb 13, 2012 11:24 pm Reply with quote

eah, who ever done the due diligence must be a touch worried.


 
Posted by MaFt on Mon Feb 13, 2012 11:26 pm Reply with quote

Colin58 Wrote:
due diligence

That's what I meant! Just my mind went blank...!!!

MaFt


MaFt®

 
Posted by M8TJT on Mon Feb 13, 2012 11:38 pm Reply with quote

Not as legally accurate, but I prefer MaFt's 'check over the paperwork' Laughing


 
Posted by DennisN on Tue Feb 14, 2012 12:23 am Reply with quote

Hang on - wasn't Baumgartner a sidekick of Jerry Springer? Laughing Laughing Laughing


Dennis

Where there's a will .... there's a wake.

 
Posted by Temple on Fri Feb 17, 2012 10:14 am Reply with quote

Here is the Dragon's Den pitch...
http://www.bbc.co.uk/dragonsden/entrepreneurs/jeanclaudebaumgartner.shtml


 
Posted by DennisN on Fri Feb 17, 2012 12:35 pm Reply with quote

Hmm. I was thinking of HIGNFY Episode #36.8 (but can I get a link to play it? No I can't!!).


Dennis

Where there's a will .... there's a wake.

 
Posted by AliOnHols on Fri Feb 17, 2012 1:15 pm Reply with quote

DennisN Wrote:
Hmm. I was thinking of HIGNFY Episode #36.8 (but can I get a link to play it? No I can't!!).

Apparently, HIGNFY 36.8 shall be repeated on Chanel "Dave" next Friday 24th. But I don't get the connection between Jerry Springer, Ken Livingstone, Katy Brand et al and SatSki Question


Garmin Nuvi 2599
Android with CamerAlert, OsmAnd+, Waze & TT Europe.
TomTom GO 730, GO 930, GO 940 & Rider2.
SatMap Active 10.

 
Posted by DennisN on Sat Feb 18, 2012 9:24 am Reply with quote

It's the funny things that old men think about - I merely remembered that one of the names mentioned in the programme is Randy Baumgartner - I have no recollection why he's mentioned unless he's an odd one out.


Dennis

Where there's a will .... there's a wake.

 
Posted by AliOnHols on Sat Feb 18, 2012 9:59 am Reply with quote

That's good enough for me DennisN.


Garmin Nuvi 2599
Android with CamerAlert, OsmAnd+, Waze & TT Europe.
TomTom GO 730, GO 930, GO 940 & Rider2.
SatMap Active 10.

 
Posted by MaFt on Sat Feb 18, 2012 11:03 am Reply with quote

So, back on topic...

He's now been jailed for 2 years 8 months according to Tech World

MaFt


MaFt®

 
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