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Dragons Den Stars Duped Out of £230K By GPS Entrepreneur

 
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Darren
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PostPosted: Mon Feb 13, 2012 11:05 am    Post subject: Dragons Den Stars Duped Out of £230K By GPS Entrepreneur Reply with quote

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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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Last edited by Darren on Mon Feb 13, 2012 11:14 am; edited 1 time in total
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MaFt
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PostPosted: Mon Feb 13, 2012 11:12 am    Post subject: Reply with quote

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

MaFt
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Colin58
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PostPosted: Tue Feb 14, 2012 12:24 am    Post subject: Reply with quote

eah, who ever done the due diligence must be a touch worried.
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MaFt
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PostPosted: Tue Feb 14, 2012 12:26 am    Post subject: Reply with quote

Colin58 wrote:
due diligence

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

MaFt
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M8TJT
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PostPosted: Tue Feb 14, 2012 12:38 am    Post subject: Reply with quote

Not as legally accurate, but I prefer MaFt's 'check over the paperwork' Laughing
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DennisN
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PostPosted: Tue Feb 14, 2012 1:23 am    Post subject: Reply with quote

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

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Temple
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PostPosted: Fri Feb 17, 2012 11:14 am    Post subject: Jean-Claude Baumgartner Reply with quote

Here is the Dragon's Den pitch...
http://www.bbc.co.uk/dragonsden/entrepreneurs/jeanclaudebaumgartner.shtml
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DennisN
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PostPosted: Fri Feb 17, 2012 1:35 pm    Post subject: 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!!).
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Dennis

If it tastes good - it's fattening.

Two of them are obesiting!!
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AliOnHols
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PostPosted: Fri Feb 17, 2012 2:15 pm    Post subject: 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
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DennisN
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PostPosted: Sat Feb 18, 2012 10:24 am    Post subject: 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.
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Dennis

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Two of them are obesiting!!
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AliOnHols
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PostPosted: Sat Feb 18, 2012 10:59 am    Post subject: Reply with quote

That's good enough for me DennisN.
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MaFt
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PostPosted: Sat Feb 18, 2012 12:03 pm    Post subject: Reply with quote

So, back on topic...

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

MaFt
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